220                                               LAWS OF MARYLAND                              [Ch. 11

TRUST, DEVISE OR BEQUEST AS NEARLY AS POSSIBLE TO FULFILL
THE GENERAL CHARITABLE INTENTION OF THE SETTLOR OR
TESTATOR.

(B) UNIFORMITY OF CONSTRUCTION.

THIS SECTION SHALL BE INTERPRETED AND CONSTRUED TO
EFFECTUATE ITS GENERAL PURPOSE TO MAKE UNIFORM THE LAW OF
THOSE STATES WHICH ENACT IT.

(C) SHORT TITLE.

THIS SECTION MAY BE CITED AS THE MARYLAND UNIFORM
CHARITABLE TRUSTS ADMINISTRATION ACT.

REVISOR'S NOTE: This section presently appears as
Art. 16, §196. It was enacted as the Uniform
Charitable Trusts Administration Act in 1945.
This section is divided into three subsections
for organizational purposes. The only other
changes are in style.

14-303. PROHIBITED ACTS.

(A) GENERAL PROVISIONS.

IN THE ADMINISTRATION OF ANY TRUST WHICH IS A
"PRIVATE FOUNDATION,," AS DEFINED IN §509 OF THE INTERNAL
REVENUE CODE OF 1954, A "CHARITABLE TRUST," AS DEFINED IN
§4947(A)(1) OF THE INTERNAL REVENUE CODE 05 1954, OR A
"SPLIT-INTEREST TRUST," AS DEFINED IN § 4947 {A) (2) OF
THE INTERNAL REVENUE CODE OF 1954, THE ACTS SPECIFIED IN
THIS SECTION ARE PROHIBITED.

(B) SELF-DEALING.

IT IS UNLAWFUL TO ENGAGE IN ANY ACT OF
"SELF-DEALING" AS DEFINED IN §4941(D) OF THE INTERNAL
REVENUE CODE OF 1954, WHICH WOULD GIVE RISE TO ANY
LIABILITY FOR THE TAX IMPOSED BY §4941 (A) OF THE INTERNAL
REVENUE CODE OF 1954.

(C)   RETENTION OF EXCESS BUSINESS HOLDINGS.

IT IS UNLAWFUL TO RETAIN ANY "EXCESS BUSINESS
HOLDINGS" AS DEFINED IN §4943(C) OF THE INTERNAL REVENUE
CODE OF 1954 WHICH WOULD GIVE RISE TO ANY LIABILITY FOR
THE TAX IMPOSED BY §4943(A) OF THE INTERNAL REVENUE CODE
OF 1954.

(D)   INVESTMENTS.

IT IS UNLAWFUL TO MAKE ANY INVESTMENT WHICH
JEOPARDIZES THE CARRYING OUT OF ANY OF THE EXEMPT