Information required in report of material acquisition or disposition of assets.

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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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