Pennsylvania Statutes Title 10 P.S. Charities and Welfare § 364. Previously issued annuities
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Search Pennsylvania Statutes
Search by Keyword or Citation
A charitable gift annuity issued prior to the effective date of this act shall be deemed to be a qualified charitable gift annuity if both of the following conditions are met:
(1) The charitable gift annuity qualified as a charitable contribution under the provisions of the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 1 et seq.) governing charitable deductions at the time the charitable gift annuity was issued.
(2) The issuing organization was a qualified charity at the time the charitable gift annuity was issued or becomes a qualified charity within one year of the effective date of this act.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 10 P.S. Charities and Welfare § 364. Previously issued annuities - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-10-ps-charities-and-welfare/pa-st-sect-10-364.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?