South Dakota § 46A-9-86 Director or employee benefit from contract authorized--Direct benefit described.

South Dakota Statutes

§ 46A-9-86 — Director or employee benefit from contract authorized--Direct benefit described.

South Dakota § 46A-9-86

Title 46AWATER MANAGEMENT

Ch. 46A-8WATER USER DISTRICTS

This text of South Dakota § 46A-9-86 (Director or employee benefit from contract authorized--Direct benefit described.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 46A-9-86 (2026).

Text

For purposes of § 46A-9-85 , a direct benefit from a contract is derived if the director or employee, the spouse of the director or employee, or any other person with whom the director or employee lives and commingles assets:

(1)Has more than a five percent ownership interest in an entity that is a party to the contract;

(2)Derives income, compensation, or commission directly from the contract or from an entity that is a party to the contract;

(3)Acquires real or personal property under the contract; or (4) Serves as a director on the board of a for-profit entity that:

(a)Derives income or a commission from the contract; or (b) Acquires real or personal property under the contract. A direct benefit is not derived solely from the value associated with any investment or

Free access — add to your briefcase to read the full text and ask questions with AI

For purposes of § 46A-9-85 , a direct benefit from a contract is derived if the director or employee, the spouse of the director or employee, or any other person with whom the director or employee lives and commingles assets: (1) Has more than a five percent ownership interest in an entity that is a party to the contract; (2) Derives income, compensation, or commission directly from the contract or from an entity that is a party to the contract; (3) Acquires real or personal property under the contract; or (4) Serves as a director on the board of a for-profit entity that: (a) Derives income or a commission from the contract; or (b) Acquires real or personal property under the contract. A direct benefit is not derived solely from the value associated with any investment or holdings by a director or employee, the spouse of the director or employee, or any other person with whom the director or employee lives and commingles assets.