Section 43-5-7 - Exempt transfersThis chapter does not limit any of the following:
(1) Transfers, outright or in trust, for charitable purposes;(2) Transfer to charitable corporations;(3) Transfers to any cemetery corporation, society, or association; or(4) Employees' trusts created as part of a pension, retirement, insurance, savings, stock bonus, profit sharing, or similar plan established by an employer for the benefit of employees eligible to participate.