55-9-8. Self-dealing by trustee prohibited.
39 words·~1 min read·
/sd/title-55/chapter-55-9/55-9-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.