There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 47-1A-831.2 — Limitations on the effect of §§ 47-1A-831 and 47-1A-831.1.
47-1A-831.2. Limitations on the effect of §§ 47-1A-831 and 47-1A-831.1. 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.
Source: SL 2005, ch 239, § 161.
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