South Dakota Statutes
§ 47-1A-842 — Standards of conduct for officers.
South Dakota § 47-1A-842
This text of South Dakota § 47-1A-842 (Standards of conduct for officers.) 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-842 (2026).
Text
An officer, when performing in such capacity, shall act:
(1)In good faith;
(2)With the care that a person in a like position would reasonably exercise under similar circumstances; and (3) In a manner the officer reasonably believes to be in the best interests of the corporation.
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Legislative History
SL 2005, ch 239, § 166.
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Repealed§ 47-1-3
Repealed§ 47-10-1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-842, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-842.