South Dakota Statutes
§ 47-1A-744.4 — Burden of proof dependent on whether or not board consists of independent directors.
South Dakota § 47-1A-744.4
This text of South Dakota § 47-1A-744.4 (Burden of proof dependent on whether or not board consists of independent directors.) 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-744.4 (2026).
Text
If a majority of the board of directors does not consist of independent directors at the time the determination is made, the corporation shall have the burden of proving that the requirements of § 47-1A-744 have been met. If a majority of the board of directors consists of independent directors at the time the determination is made, the plaintiff has the burden of proving that the requirements of § 47-1A-744 have not been met.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 2005, ch 239, § 131.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 47-1A-744.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-744.4.