S.D. Codified Laws § 47-1A-831.2
This is the official text of S.D. Codified Laws § 47-1A-831.2, 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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Limitations on the effect of §§47-1A-831and47-1A-831.1
Official statutory text
Nothing contained in §§ 47-1A-831 and 47-1A-831.1 :
(1) In any instance where fairness is at issue, such as consideration of the fairness of a transaction to the corporation under subdivision 47-1A-861.1 (3), alters the burden of proving the fact or lack of fairness otherwise applicable;
(2) Alters the fact or lack of liability of a director under another section of this chapter, such as the provisions governing the consequences of an unlawful distribution under §§ 47-1A-833 and 47-1A-833.1 , or a transactional interest under §§ 47-1A-861 and 47-1A-861.1 ; or
(3) Affects any rights to which the corporation or a shareholder may be entitled under another statute of this state or the United States.
Source: SL 2005, ch 239, § 161.
(1) In any instance where fairness is at issue, such as consideration of the fairness of a transaction to the corporation under subdivision 47-1A-861.1 (3), alters the burden of proving the fact or lack of fairness otherwise applicable;
(2) Alters the fact or lack of liability of a director under another section of this chapter, such as the provisions governing the consequences of an unlawful distribution under §§ 47-1A-833 and 47-1A-833.1 , or a transactional interest under §§ 47-1A-861 and 47-1A-861.1 ; or
(3) Affects any rights to which the corporation or a shareholder may be entitled under another statute of this state or the United States.
Source: SL 2005, ch 239, § 161.
Status: in_force · Read it on the official government site
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