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

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.