43-5-7. Exempt transfers.
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/sd/title-43/chapter-43-5/43-5-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This chapter does not limit any of the following:
(1)Transfers, outright or in trust, for charitable purposes;
(2)Transfer to charitable corporations;
(3)Transfers to any cemetery corporation, society, or association; or
(4)Employees' trusts created as part of a pension, retirement, insurance, savings, stock bonus, profit sharing, or similar plan established by an employer for the benefit of employees eligible to participate.