§ 101-46.203 - What are the conditions for a reimbursable transfer?

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When transferring property, you must:

(a) Do so under terms mutually agreeable to you and the recipient; and

(b) Not require reimbursement of an amount greater than the estimated fair market value of the transferred property; and

(c) Apply the transfer proceeds in whole or part payment for property acquired to replace the transferred property.

                    
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