<html> <head> <title>Rule 67:46:05:51 Assets held in common with another person.</title> <META NAME="Keywords" Content="Administrative Rules 67:46:05:51"> <META NAME="Description" Content="Administrative Rules 67:46:05:51 Assets held in common with another person."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>67:46:05:51.&nbsp;&nbsp;Assets held in common with another person.</b> If an asset is held by an individual in common with another person in joint tenancy, tenancy in common, or similar arrangement, the asset or the affected portion of the asset is considered to have been transferred by the individual when any action by any of the individuals listed in §&nbsp;67:46:05:32.01 reduces or eliminates the individual's ownership or control of the asset.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; When this occurs, the department shall establish a period of ineligibility under the provisions of this chapter.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The provisions of SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=43-46-1">43-46-1</A> and chapter 67:48:02 apply if an individual who has died had received medical benefits and had assets which were held in common with another person.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 21 SDR 162, effective March 23, 1995; 24 SDR 86, effective January 1, 1998</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=28-6-1">28-6-1.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=28-6-1">28-6-1.</A></p> </div> </body> </html>