South Dakota Statutes
§ 47-1A-744.3 — Proceeding commenced after rejection of shareholder demand--Complaint requirements.
South Dakota § 47-1A-744.3
This text of South Dakota § 47-1A-744.3 (Proceeding commenced after rejection of shareholder demand--Complaint requirements.) 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-744.3 (2026).
Text
If a derivative proceeding is commenced after a determination has been made rejecting a demand by a shareholder, the complaint shall allege with particularity facts establishing either (1) that a majority of the board of directors did not consist of independent directors at the time the determination was made, or (2) that the requirements of § 47-1A-744 have not been met.
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Legislative History
SL 2005, ch 239, § 130.
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Repealed§ 47-1-3
Repealed§ 47-10-1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-744.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-744.3.