South Dakota § 58-5-148 - Information required in report of material acquisition or disposition of assets.

§ 58-5-148. Information required in report of material acquisition or disposition of assets.

The following information shall be disclosed in any report of a material acquisition or disposition of assets:

(1)    Date of the transaction;

(2)    Manner of acquisition or disposition;

(3)    Description of the assets involved;

(4)    Nature and amount of the consideration given or received;

(5)    Purpose of, or reason for, the transaction;

(6)    Manner by which the amount of consideration was determined;

(7)    Gain or loss recognized or realized as a result of the transaction; and

(8)    Name of any person from whom the assets were acquired or to whom the assets were disposed.

Source: SL 1995, ch 275, § 5.