South Dakota § 58-5-148 Information required in report of material acquisition or disposition of assets.

South Dakota Statutes

§ 58-5-148 — Information required in report of material acquisition or disposition of assets.

South Dakota § 58-5-148

Title 58INSURANCE

Ch. 58-4AORGANIZATION AND GENERAL POWERS OF INSURERS

This text of South Dakota § 58-5-148 (Information required in report of material acquisition or disposition of assets.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-5-148 (2026).

Text

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.

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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; (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.