Full text
none of the beneficiaries under the trust at the end of the particular year was an electing beneficiary of the trust for a preceding year;
none of the beneficiaries under the trust at the end of the particular year was an electing beneficiary of the trust for a preceding year;
none of the beneficiaries under the trust at the end of the particular year was an electing beneficiary of the trust for a preceding year;
was established before June 18, 1971;