S.D. Codified Laws § 47-1A-1331.1
This is the official text of S.D. Codified Laws § 47-1A-1331.1, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Counsel and expert fees and expenses
Official statutory text
The court in an appraisal proceeding may also assess the fees and expenses of counsel and experts for the respective parties, in amounts the court finds equitable:
(1) Against the corporation and in favor of any or all shareholders demanding appraisal if the court finds the corporation did not substantially comply with the requirements of §§ 47-1A-1320 , 47-1A-1322 , 47-1A-1322.1 , 47-1A-1324 , or 47-1A-1325 to 47-1A-1325.3 , inclusive; or
(2) Against either the corporation or a shareholder demanding appraisal, in favor of any other party, if the court finds that the party against whom the fees and expenses are assessed acted arbitrarily, vexatiously, or not in good faith with respect to the rights provided by this chapter.
Source: SL 2005, ch 239, § 306.
(1) Against the corporation and in favor of any or all shareholders demanding appraisal if the court finds the corporation did not substantially comply with the requirements of §§ 47-1A-1320 , 47-1A-1322 , 47-1A-1322.1 , 47-1A-1324 , or 47-1A-1325 to 47-1A-1325.3 , inclusive; or
(2) Against either the corporation or a shareholder demanding appraisal, in favor of any other party, if the court finds that the party against whom the fees and expenses are assessed acted arbitrarily, vexatiously, or not in good faith with respect to the rights provided by this chapter.
Source: SL 2005, ch 239, § 306.
Status: in_force · Read it on the official government site
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