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Form a Business

Excess business holdings prohibited to foundation.

SDCL § 47-22-68.5
in effect
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47-22-68.5. Excess business holdings prohibited to foundation. 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. SL 1972, ch 244, § 2 (3).
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-22-68.5Fetched: 10/20/2026

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