South Dakota Statutes
§ 47-1A-744.5 — Appointment of panel to make determination--Burden of proof.
South Dakota § 47-1A-744.5
This text of South Dakota § 47-1A-744.5 (Appointment of panel to make determination--Burden of proof.) 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-744.5 (2026).
Text
The court may appoint a panel of one or more independent persons upon motion by the corporation to make a determination whether the maintenance of the derivative proceeding is in the best interests of the corporation. In such case, the plaintiff has the burden of proving that the requirements of § 47-1A-744 have not been met.
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Legislative History
SL 2005, ch 239, § 132.
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Repealed§ 47-1-3
Repealed§ 47-10-1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-744.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-744.5.