Indiana Code Title 30. Trusts and Fiduciaries § 30-4-5-18

(a) distribute each taxable year amounts sufficient for such corporation to avoid liability for the tax imposed by Section 4942 of the Internal Revenue Code;  2

(b) not engage in any act of self-dealing (as defined in Section 4941(d) of the Internal Revenue Code)   3 which would subject such corporation to liability for the taxes imposed by Section 4941 of the Internal Revenue Code;

(c) not retain any excess business holding (as defined in Section 4943(c) of the Internal Revenue Code)   4 which would subject such corporation to liability for the taxes imposed by Section 4943 of the Internal Revenue Code;

(d) not make any investment which would jeopardize the carrying out of any of such corporation's exempt purposes (within the meaning of Section 4944 of the Internal Revenue Code)   5 and which would subject such corporation to liability for the taxes imposed by Section 4944 of the Internal Revenue Code;  and

(e) not make any taxable expenditure (as defined in Section 4945(d) of the Internal Revenue Code)   6 which would subject such corporation to liability for the taxes imposed by Section 4945 of the Internal Revenue Code.