55-6-1.2. Collective investment fund defined.
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/sd/title-55/chapter-55-6/55-6-1-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of this chapter, the term, collective investment fund, is a fund as defined in 12 C.F.R. 9.18(a)(2) as of January 1, 2011, and is provided exemption from taxation according to Internal Revenue Service, Revenue Ruling 81-100, published March 30, 1981.