South Dakota Codified Laws 43-36-1. Gift defined
Current as of: 2023 | Check for updates
|
Other versions
A gift is a transfer of personal property, made voluntarily and without consideration.
Terms Used In South Dakota Codified Laws 43-36-1
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Source: CivC 1877, § 639; CL 1887, § 3260; RCivC 1903, § 953; RC 1919, § 561; SDC 1939, § 51.1506.