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

SD Codified L § 58-5-148 (2019) (N/A)
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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.

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§ 58-5-147 Types of asset dispositions subject to chapter.
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§ 58-5-149 Determining whether to report acquisitions on a nonconsolidated or consolidated basis.