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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-842 Standards of conduct for officers.
Universal Citation: SD Codified L § 47-1A-842 (2019)
47-1A-842. Standards of conduct for officers. An officer, when performing in such capacity, shall act:
(1) In good faith;
(2) With the care that a person in a like position would reasonably exercise under similar circumstances; and
(3) In a manner the officer reasonably believes to be in the best interests of the corporation.
Source: SL 2005, ch 239, ยง 166.
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