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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-1604.2 Court-ordered inspection--Order to pays costs--Restrictions on use or distribution of records.
Universal Citation: SD Codified L § 47-1A-1604.2 (2018)
47-1A-1604.2. Court-ordered inspection--Order to pays costs--Restrictions on use or distribution of records. If the court orders inspection and copying of the records demanded, the court shall also order the corporation to pay the shareholder's costs, including reasonable counsel fees, incurred to obtain the order unless the corporation proves that it refused inspection in good faith because it had a reasonable basis for doubt about the right of the shareholder to inspect the records demanded.
If the court orders inspection and copying of the records demanded, the court may impose reasonable restrictions on the use or distribution of the records by the demanding shareholder.
Source: SL 2005, ch 239, ยง 380.
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