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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-852 Mandatory indemnification.
Universal Citation: SD Codified L § 47-1A-852 (2018)
47-1A-852. Mandatory indemnification. A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party by reason of being a director of the corporation, against reasonable expenses incurred in connection with the proceeding.
Source: SL 2005, ch 239, ยง 174.
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