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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05 - Organization And General Powers Of Insurers
§ 58-5-148 Information required in report of material acquisition or disposition of assets.
Universal Citation: SD Codified L § 58-5-148 (2019)
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, ยง 5.
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