South Dakota § 47-1A-825.1 Powers of committees.

South Dakota Statutes

§ 47-1A-825.1 — Powers of committees.

South Dakota § 47-1A-825.1

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-825.1 (Powers of committees.) 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-825.1 (2026).

Text

To the extent specified by the board of directors or in the articles of incorporation or bylaws, each committee may exercise the powers of the board of directors under § 47-1A-801 . However, a committee may not:

(1)Authorize or approve distributions, except according to a formula or method, or within limits, prescribed by the board of directors;

(2)Approve or propose to shareholders action that this chapter requires be approved by shareholders;

(3)Fill vacancies on the board of directors or, subject to § 47-1A-825.3 , on any of its committees; or (4) Adopt, amend, or repeal bylaws.

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To the extent specified by the board of directors or in the articles of incorporation or bylaws, each committee may exercise the powers of the board of directors under § 47-1A-801 . However, a committee may not: (1) Authorize or approve distributions, except according to a formula or method, or within limits, prescribed by the board of directors; (2) Approve or propose to shareholders action that this chapter requires be approved by shareholders; (3) Fill vacancies on the board of directors or, subject to § 47-1A-825.3 , on any of its committees; or (4) Adopt, amend, or repeal bylaws.