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Form a Business

Self-dealing by foundation prohibited.

SDCL § 47-22-68.3
in effect
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47-22-68.3. Self-dealing by foundation prohibited. The corporation described in § 47-22-68.2 shall not engage in any act of self-dealing which would give rise to any liability for the tax imposed by section 4941(a) of the Internal Revenue Code. SL 1972, ch 244, § 2 (2).
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-22-68.3Fetched: 10/20/2026

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