2022 South Dakota Codified Laws
Title 47 - Corporations
Chapter 01A - South Dakota Business Corporation Act
Section 47-1A-831.2 - Limitations on the effect of §§ 47-1A-831 and 47-1A-831.1.
47-1A-831.2. Limitations on the effect of §§47-1A-831 and 47-1A-831.1.
Nothing contained in §§47-1A-831 and 47-1A-831.1:
(1)In any instance where fairness is at issue, such as consideration of the fairness of a transaction to the corporation under subdivision 47-1A-861.1(3), alters the burden of proving the fact or lack of fairness otherwise applicable;
(2)Alters the fact or lack of liability of a director under another section of this chapter, such as the provisions governing the consequences of an unlawful distribution under §§47-1A-833 and 47-1A-833.1, or a transactional interest under §§47-1A-861 and 47-1A-861.1; or
(3)Affects any rights to which the corporation or a shareholder may be entitled under another statute of this state or the United States.
Source: SL 2005, ch 239, §161.
