The trustee of a trust described in § 55-9-7 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.

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Terms Used In South Dakota Codified Laws 55-9-8

  • Trustee: A person or institution holding and administering property in trust.

Source: SL 1972, ch 259, § 2 (2).

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