§ 5-403. Distribution to avoid tax liability
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-403
§ 5-403. Distribution to avoid tax liability
For each taxable year, a private foundation shall distribute for the purposes specified in its charter amounts sufficient to avoid tax liability under § 4942(a) of the Internal Revenue Code.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 90; Acts 1988, c. 110, § 1.
Formerly Art. 23, § 445.
MD Code, Corporations and Associations, § 5-403, MD CORP & ASSNS § 5-403
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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