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2023 South Dakota Codified Laws
Title 47 - Corporations
Chapter 30 - Corporate Frauds And Mismanagement
Section 47-30-11 - Director deemed to possess knowledge.
Universal Citation: SD Codified L § 47-30-11 (2023)
47-30-11. Director deemed to possess knowledge.
Every director of a corporation is deemed to possess such a knowledge of the affairs of his corporation as to enable him to determine whether any act, proceeding, or omission of its directors, is a violation of this chapter.
Source: SDC 1939, ยง13.4316.
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