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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-744.4 Burden of proof dependent on whether or not board consists of independent directors.
Universal Citation: SD Codified L § 47-1A-744.4 (2019)
47-1A-744.4. Burden of proof dependent on whether or not board consists of independent directors. If a majority of the board of directors does not consist of independent directors at the time the determination is made, the corporation shall have the burden of proving that the requirements of § 47-1A-744 have been met. If a majority of the board of directors consists of independent directors at the time the determination is made, the plaintiff has the burden of proving that the requirements of § 47-1A-744 have not been met.
Source: SL 2005, ch 239, § 131.
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