15-30-2118. Taxable liability on termination of independent liability fund.
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/mt/title-15/chapter-30/part-21/15-30-2118·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-30-2118 . Taxable liability on termination of independent liability fund. If an independent liability fund established pursuant to Title 33, chapter 27, is terminated as provided in 33-27-119 , the income from the principal distributed pursuant to 33-27-119
(3)is taxable to that person or persons under the applicable provisions of this chapter.