South Dakota Codified Laws 43-4-46. Transfer defined
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For the purposes of §§ 43-4-47 to 43-4-57, inclusive, the term, transfer, means the sale, gift, conveyance, assignment, inheritance, or other transfer of an ownership interest in real property located in this state.
Terms Used In South Dakota Codified Laws 43-4-46
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 2011, ch 196, § 1.