Section 55-9-12 - Taxable expenditures prohibited.
55-9-12. Taxable expenditures prohibited. The trustee of a trust described in § 55-9-7 shall not make any taxable expenditure which would give rise to any liability for the tax imposed by section 4945 (a) of the Internal Revenue Code.
Source: SL 1972, ch 259, § 2 (5).