South Dakota § 47-1A-831.2 Limitations on the effect of §§

South Dakota Statutes

§ 47-1A-831.2 — Limitations on the effect of §§

South Dakota § 47-1A-831.2

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-831.2 (Limitations on the effect of §§) 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-831.2 (2026).

Text

Nothing contained in §§ 47-1A-831 and 47-1A-831.1 :

(1)In any instance where fairness is at issue, such as consideration of the fairness of a transaction to the corporation under subdivision 47-1A-861.1 (3), alters the burden of proving the fact or lack of fairness otherwise applicable;

(2)Alters the fact or lack of liability of a director under another section of this chapter, such as the provisions governing the consequences of an unlawful distribution under §§ 47-1A-833 and 47-1A-833.1 , or a transactional interest under §§ 47-1A-861 and 47-1A-861.1 ; or (3) Affects any rights to which the corporation or a shareholder may be entitled under another statute of this state or the United States.

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Nothing contained in §§ 47-1A-831 and 47-1A-831.1 : (1) In any instance where fairness is at issue, such as consideration of the fairness of a transaction to the corporation under subdivision 47-1A-861.1 (3), alters the burden of proving the fact or lack of fairness otherwise applicable; (2) Alters the fact or lack of liability of a director under another section of this chapter, such as the provisions governing the consequences of an unlawful distribution under §§ 47-1A-833 and 47-1A-833.1 , or a transactional interest under §§ 47-1A-861 and 47-1A-861.1 ; or (3) Affects any rights to which the corporation or a shareholder may be entitled under another statute of this state or the United States.