South Dakota Statutes
§ 47-30-11 — Director deemed to possess knowledge.
South Dakota § 47-30-11
This text of South Dakota § 47-30-11 (Director deemed to possess knowledge.) 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 § 47-30-11 (2026).
Text
Every director of a corporation is deemed to possess such a knowledge of the affairs of his corporation as to enable him to determine whether any act, proceeding, or omission of its directors, is a violation of this chapter.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SDC 1939, § 13.4316.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 47-30-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-30-11.