There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 01A. South Dakota Business Corporation Act
§47-1A-825.1 Powers of committees.
SD Codified L § 47-1A-825.1 (through 2011) What's This?
47-1A-825.1. Powers of committees. To the extent specified by the board of directors or in the articles of incorporation or bylaws, each committee may exercise the powers of the board of directors under § 47-1A-801. However, a committee may not:
(1) Authorize or approve distributions, except according to a formula or method, or within limits, prescribed by the board of directors;
(2) Approve or propose to shareholders action that this chapter requires be approved by shareholders;
(3) Fill vacancies on the board of directors or, subject to § 47-1A-825.3, on any of its committees; or
(4) Adopt, amend, or repeal bylaws.
Source: SL 2005, ch 239, § 154.
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