72-16-345. Active management by eligible qualified heir treated as material participation. (1) For purposes of 72-16-339, the active management of a farm or other business by an eligible qualified heir or a fiduciary of an eligible qualified heir must be treated as a material participation by the eligible qualified heir in the operation of the farm or business.
     (2) In the case of an eligible qualified heir, subsection (1) applies only during periods during which the heir continues to be an eligible qualified heir.

     History: En. Sec. 19, Ch. 511, L. 1983.