64:27:01:01Definitions.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Terms used in this chapter mean: (1) "Ultimate sale," an arm's length transaction between equal bargaining parties at a price which accurately reflects the fair market value of products at the time of the sale.
Source: 2 SDR 21, effective September 18, 1975; 5 SDR 60, effective January 25, 1979; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995.
General Authority
Law Implemented
- SDCL 10-39-42 ↗Amended by HB1043 (2024) — include lithium in the definition of precious metal for purposes of the minerals
- SDCL 10-39-44 ↗