ARSD 67:12:04:17. Full and adequate consideration in money or money's worth for property

Any item or service received for property transferred or assigned is within the meaning of the phrase "full and adequate consideration in money or money's worth" if the value of the item or service equals the reasonable market value of the property transferred or assigned. If property is transferred or assigned without full and adequate consideration, the fair market value, determined according to § 67:12:04:10.01, less encumbrances of record, must be used in determining if the recipient received the full and adequate consideration in money or money's worth.