Okla. Stat. tit. 18, § 18-1019
This is the official text of Okla. Stat. tit. 18, § 18-1019, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Private foundations; powers and duties
Official statutory text
PRIVATE FOUNDATIONS; POWERS AND DUTIES
A corporation of this state which is a private foundation under
the United States internal revenue laws and whose certificate of
incorporation does not expressly provide that this section shall not
apply to it is required to act or to refrain from acting so as not
to subject itself to the taxes imposed by Sections 4941, relating to
taxes on self-dealing, 4942, relating to taxes on failure to
distribute income, 4943, relating to taxes on excess business
holdings, 4944, relating to taxes on investments which jeopardize
charitable purpose, or 4945, relating to taxable expenditures, of
the Internal Revenue Code of 1954, as amended, or corresponding
provisions of any subsequent United States internal revenue law.
A corporation of this state which is a private foundation under
the United States internal revenue laws and whose certificate of
incorporation does not expressly provide that this section shall not
apply to it is required to act or to refrain from acting so as not
to subject itself to the taxes imposed by Sections 4941, relating to
taxes on self-dealing, 4942, relating to taxes on failure to
distribute income, 4943, relating to taxes on excess business
holdings, 4944, relating to taxes on investments which jeopardize
charitable purpose, or 4945, relating to taxable expenditures, of
the Internal Revenue Code of 1954, as amended, or corresponding
provisions of any subsequent United States internal revenue law.
Status: in_force · Read it on the official government site
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