{"data":{"id":"us-sd/sdcl-47-22-68.5","jurisdiction":"us-sd","citation":"SDCL § 47-22-68.5","heading":"Excess business holdings prohibited to foundation.","body":"The corporation described in § 47-22-68.2 shall not retain any excess business holdings which would give rise to any liability for the tax imposed by section 4943(a) of the Internal Revenue Code.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-22. NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS"],"source_url":"https://sdlegislature.gov/Statutes/47-22-68.5","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"5a217caf5b4bd4e143a293e80e8b3ed418fa8498ff8488acf3062f1026f33d77","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-22-68.4","next":"us-sd/sdcl-47-22-68.6"},"notice":"GroundRules: Original legal text. Not legal advice."}