The following information is required to be disclosed in any report of a material acquisition or disposition of assets:

1. (1) Date of the transaction;
2. (2) Manner of acquisition or disposition;
3. (3) Description of the assets involved;
4. (4) Nature and amount of the consideration given or received;
5. (5) Purpose of or reason for the transaction;
6. (6) Manner by which the amount of consideration was determined;
7. (7) Gain or loss recognized or realized as a result of the transaction; and
8. (8) Names of the persons from whom the assets were acquired or to whom they were disposed.

[ 1995 c 86 s 16.]