Real property transfers for inadequate consideration.

When the consideration for a deed executed and delivered by a recipient is not paid, or when the consideration does not approximate the fair cash market value of the property, such deed shall be prima facie fraudulent as to the state and the department may proceed under RCW 43.20B.660.

[1987 c 75 § 40; 1979 c 141 § 331; 1959 c 26 § 74.08.338. Prior: 1953 c 174 § 37.]

Notes: Savings -- Severability -- 1987 c 75: See RCW 43.20B.900 and 43.20B.901.