58-5-148. Information required in report of material acquisition or disposition of assets.
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/sd/title-58/chapter-58-5/58-5-148A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.