South Dakota § 47-1A-842.1 Reliance on performance of or information supplied by specified persons authorized in discharge of duties.

South Dakota Statutes

§ 47-1A-842.1 — Reliance on performance of or information supplied by specified persons authorized in discharge of duties.

South Dakota § 47-1A-842.1

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-842.1 (Reliance on performance of or information supplied by specified persons authorized in discharge of duties.) 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-842.1 (2026).

Text

In discharging those duties, an officer, who does not have knowledge that makes reliance unwarranted, is entitled to rely on:

(1)The performance of properly delegated responsibilities by one or more employees of the corporation whom the officer reasonably believes to be reliable and competent in performing the responsibilities delegated; or (2) Information, opinions, reports, or statements, including financial statements and other financial data, prepared or presented by one or more employees of the corporation whom the officer reasonably believes to be reliable and competent in the matters presented or by legal counsel, public accountants, or other persons retained by the corporation as to matters involving skills or expertise the officer reasonably believes are matters within the

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In discharging those duties, an officer, who does not have knowledge that makes reliance unwarranted, is entitled to rely on: (1) The performance of properly delegated responsibilities by one or more employees of the corporation whom the officer reasonably believes to be reliable and competent in performing the responsibilities delegated; or (2) Information, opinions, reports, or statements, including financial statements and other financial data, prepared or presented by one or more employees of the corporation whom the officer reasonably believes to be reliable and competent in the matters presented or by legal counsel, public accountants, or other persons retained by the corporation as to matters involving skills or expertise the officer reasonably believes are matters within the particular person's professional or expert competence or as to which the particular person merits confidence.