There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 47 CORPORATIONS
Chapter 23. Nonprofit Corporations--Members, Directors, Officers And Agents
§47-23-2 Exoneration from personal liability.
SD Codified L § 47-23-2 (through 2012) What's This?
47-23-2. Exoneration from personal liability. The directors, officers, employees, and members of the corporation shall not, as such, be liable on its obligations.
Source: SDC 1939, § 11.1406; SL 1965, ch 24, § 12.
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