South Dakota Codified Laws 58-5-148. Information required in report of material acquisition or disposition of assets
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The following information shall be disclosed in any report of a material acquisition or disposition of assets:
(1) Date of the transaction;
Terms Used In South Dakota Codified Laws 58-5-148
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
(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.