South Dakota Statutes
§ 47-1A-732.4 — Liability of directors limited to extent discretion or powers limited by agreement.
South Dakota § 47-1A-732.4
This text of South Dakota § 47-1A-732.4 (Liability of directors limited to extent discretion or powers limited by agreement.) 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 § 47-1A-732.4 (2026).
Text
An agreement authorized by § 47-1A-732 that limits the discretion or powers of the board of directors shall relieve the directors of, and impose upon the person or persons in whom such discretion or powers are vested, liability for acts or omissions imposed by law on directors to the extent that the discretion or powers of the directors are limited by the agreement.
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Legislative History
SL 2005, ch 239, § 120.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-1A-732.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-732.4.