Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 68A, § 1

(a) engaging in any act of “self-dealing” (as defined in section 4941(d) of said Code,  3 which would give rise to any liability for the tax imposed by section 4941(a) of said Code;  4

(b) retaining any “excess business holdings” (as defined in section 4943(c) of said Code)  5 which would give rise to any liability for the tax imposed by section 4943(a) of said Code;  6

(c) making any investments which would jeopardize the carrying out of any of the exempt purposes of the trust, within the meaning of section 4944 of said Code,  7 so as to give rise to any liability for the tax imposed by section 4944(a) of said Code; and

(d) making any “taxable expenditures” (as defined in section 4945(d) of said Code)  8 which would give rise to any liability for the tax imposed by section 4945(a) of said Code;  9 provided, however, that this section shall not apply either to those split-interest trusts or to amounts thereof which are not subject to the prohibitions applicable to private foundations by reason of the provisions of section 4947 of said Code. [FN10]