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)).
Structure 2021 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 9 - Administration of Private Foundations, Charitable Trusts or Split-Interest Trusts
§ 35-9-102. Distribution of Amounts to Avoid Tax Liability
§ 35-9-103. Applicability of §§ 35-9-101 and 35-9-102
§ 35-9-104. Powers of Courts and Attorney General and Reporter Unimpaired