South Dakota § 47-1A-853.1 Authorizations under §

South Dakota Statutes

§ 47-1A-853.1 — Authorizations under §

South Dakota § 47-1A-853.1

Title 47CORPORATIONS

Ch. 47-1SOUTH DAKOTA BUSINESS CORPORATION ACT

This text of South Dakota § 47-1A-853.1 (Authorizations under §) 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-853.1 (2026).

Text

47-1A-853 shall be made:

(1)By the board of directors:

(a)If there are two or more disinterested directors, by a majority vote of all the disinterested directors, a majority of whom shall for such purpose constitute a quorum, or by a majority of the members of a committee of two or more disinterested directors appointed by such a vote; or (b) If there are fewer than two disinterested directors, by the vote necessary for action by the board in accordance with § 47-1A-824 , in which authorization directors who do not qualify as disinterested directors may participate; or (2) By the shareholders, but shares owned by or voted under the control of a director who at the time does not qualify as a disinterested director may not be voted, on the authorization.

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47-1A-853 shall be made: (1) By the board of directors: (a) If there are two or more disinterested directors, by a majority vote of all the disinterested directors, a majority of whom shall for such purpose constitute a quorum, or by a majority of the members of a committee of two or more disinterested directors appointed by such a vote; or (b) If there are fewer than two disinterested directors, by the vote necessary for action by the board in accordance with § 47-1A-824 , in which authorization directors who do not qualify as disinterested directors may participate; or (2) By the shareholders, but shares owned by or voted under the control of a director who at the time does not qualify as a disinterested director may not be voted, on the authorization.