South Dakota § 34-12-41 Entrance fee defined.

South Dakota Statutes

§ 34-12-41 — Entrance fee defined.

South Dakota·Title 34 PUBLIC HEALTH AND SAFETY·Ch. 34-11B REGULATION OF HOSPITALS AND RELATED INSTITUTIONS

For the purposes of §§ 34-12-40 to 34-12-47 , inclusive, an entrance fee is an initial or deferred transfer to a provider of a sum of money, or other property, made or promised to be made, as a full or partial consideration for acceptance of the person in the facility under a continuing care agreement, if the amount exceeds five thousand dollars or the sum of periodic charges for three months of residency, whichever is greater.

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For the purposes of §§ 34-12-40 to 34-12-47 , inclusive, an entrance fee is an initial or deferred transfer to a provider of a sum of money, or other property, made or promised to be made, as a full or partial consideration for acceptance of the person in the facility under a continuing care agreement, if the amount exceeds five thousand dollars or the sum of periodic charges for three months of residency, whichever is greater.

South Dakota § 34-12-41 (Entrance fee defined.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.