Md. Code, Corporations and Associations § 5-403

Md. Code, Corporations and Associations § 5-403
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca&section=5-403&enactments=falseFetched: 10/16/2026

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