Statutes, codes, and regulations
Tennessee Code
Title 35 - FIDUCIARIES AND TRUST ESTATES
Chapter 9 - ADMINISTRATION OF PRIVATE FOUNDATIONS, CHARITABLE TRUSTS OR SPLIT-INTEREST TRUSTS
Section 35-9-102 - Distribution of amounts to avoid tax liability

Tenn. Code § 35-9-102

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Current through Acts 2023-2024, ch. 1069
Section 35-9-102 - Distribution of amounts to avoid tax liability

In the administration of any trust that is a private foundation or that is a charitable trust, there shall be distributed, for the purposes specified in the trust instrument, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by § 4942(a) of the Internal Revenue Code of 1954 ( 26 U.S.C. § 4942(a) ).

T.C.A. § 35-9-102

Acts 1971, ch. 3, § 2; T.C.A., § 35-1002.