Indiana Code 27-2-18-11. Contents of reports of material acquisitions and dispositions
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Sec. 11. The following information must be disclosed in any report of a material asset acquisition or asset disposition:
(2) The manner of the asset acquisition or asset disposition.
(1) The date of the transaction.
Terms Used In Indiana Code 27-2-18-11
- asset acquisition: includes every purchase, lease, exchange, merger, consolidation, succession, or other acquisition. See Indiana Code 27-2-18-1
- asset disposition: includes every sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment (whether for the benefit of creditors or otherwise), abandonment, destruction, or other disposition. See Indiana Code 27-2-18-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(3) A description of the assets involved.
(4) The nature and amount of the consideration given or received in connection with the asset acquisition or the asset disposition.
(5) The purpose of or reason for the transaction.
(6) The manner by which the amount of consideration was determined.
(7) The gain or loss recognized or realized as a result of the transaction.
(8) The name of each person from whom the assets were acquired or to whom the assets were disposed.
As added by P.L.251-1995, SEC.17.