S.D. Admin. R. 64:27:01:01

Current through Register Vol. 51, page 54, October 28, 2024

Section 64:27:01:01 - Definitions

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.

2 SDR 21, effective 9/18/1975; 5 SDR 60, effective 1/25/1979; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 21 SDR 219, effective 7/1/1995.

General Authority: SDCL 10-39-49.

Law Implemented: SDCL 10-39-42, 10-39-44.