S.D. Codified Laws § 47-1A-861
This is the official text of S.D. Codified Laws § 47-1A-861, 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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Judicial action--Transaction other than director's conflicting interest transaction
Official statutory text
A transaction effected or proposed to be effected by a corporation, or by a subsidiary of the corporation or any other entity in which the corporation has a controlling interest, that is not a director's conflicting interest transaction, may not be enjoined, set aside, or give rise to an award of damages or other sanctions, in a proceeding by a shareholder or by or in the right of the corporation, because a director of the corporation, or any person with whom or which the director has a personal, economic, or other association, has an interest in the transaction.
Source: SL 2005, ch 239, § 184.
Source: SL 2005, ch 239, § 184.
Status: in_force · Read it on the official government site
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