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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
§ 47-1A-861 Judicial action--Transaction other than director's conflicting interest transaction.
Universal Citation: SD Codified L § 47-1A-861 (2019)
47-1A-861. Judicial action--Transaction other than director's conflicting interest transaction. A transaction effected or proposed to be effected by a corporation, or by a subsidiary of the corporation or any other entity in which the corporation has a controlling interest, that is not a director's conflicting interest transaction, may not be enjoined, set aside, or give rise to an award of damages or other sanctions, in a proceeding by a shareholder or by or in the right of the corporation, because a director of the corporation, or any person with whom or which the director has a personal, economic, or other association, has an interest in the transaction.
Source: SL 2005, ch 239, ยง 184.
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