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.