{"data":{"id":"us-md/md.-code-corporations-and-associations-5-403","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 5–403","heading":"","body":"For each taxable year, a private foundation shall distribute for the purposes specified in its charter amounts sufficient to avoid tax liability under § 4942(a) of the Internal Revenue Code.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=5-403","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"e075b6547ae4cd1b6434bfe4be08cb7ddc0108b4ce7340de2bc0e9d0fd658021","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-5-402","next":"us-md/md.-code-corporations-and-associations-5-404"},"notice":"GroundRules: Original legal text. Not legal advice."}