67:10:04:19Full and adequate consideration for property
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
transferred. The department considers any item or service which the individual receives for transferred property to be for full and adequate consideration as long as the value of the item or service equals the reasonable market value of the property transferred or assigned. If it appears that the property was transferred or assigned without full and adequate consideration, the department shall use the fair market value, determined according to § 67:10:04:09, less encumbrances of record, to determine if the individual received the full and adequate consideration.
Source: 24 SDR 24, effective August 31, 1997.