Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 1A - SOUTH DAKOTA BUSINESS CORPORATION ACT
Section 47-1A-732.4 - Liability of directors limited to extent discretion or powers limited by agreement

S.D. Codified Laws § 47-1A-732.4

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Current through the 2024 Legislative Session
Section 47-1A-732.4 - Liability of directors limited to extent discretion or powers limited by agreement

An agreement authorized by § 47-1A-732 that limits the discretion or powers of the board of directors shall relieve the directors of, and impose upon the person or persons in whom such discretion or powers are vested, liability for acts or omissions imposed by law on directors to the extent that the discretion or powers of the directors are limited by the agreement.

SDCL 47-1A-732.4

SL 2005, ch 239, §120.