{"data":{"id":"us-ut/utah-code-16-6a-116","jurisdiction":"us-ut","citation":"Utah Code § 16-6a-116","heading":"Private foundations.","body":"Except when otherwise determined by a court of competent jurisdiction, a nonprofit corporation that is a private foundation as defined in Section 509(a), Internal Revenue Code:\n(1) shall make distributions for each taxable year at the time and in the manner as not to subject the nonprofit corporation to tax under Section 4942, Internal Revenue Code;\n(2) may not engage in any act of self-dealing as defined in Section 4941(d), Internal Revenue Code;\n(3) may not retain any excess business holdings as defined in Section 4943(c), Internal Revenue Code;\n(4) may not make any investments that would subject the nonprofit corporation to taxation under Section 4944, Internal Revenue Code; and\n(5) may not make any taxable expenditures as defined in Section 4945(d), Internal Revenue Code.","path":["Title 16 Corporations","Chapter 16-6a Utah Revised Nonprofit Corporation Act","Part 16-6a-1 General Provisions"],"source_url":"https://le.utah.gov/xcode/Title16/Chapter6a/16-6a-S116.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"2727603ba701e5fb8bffc8bb33638dc399ab8146fe882fbdea88231485269952","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-16-6a-115","next":"us-ut/utah-code-16-6a-117"},"notice":"GroundRules: Original legal text. Not legal advice."}