South Dakota § 47-30-12 Presence of director at meeting as concurrence--Written dissent--Procedure.

South Dakota Statutes

§ 47-30-12 — Presence of director at meeting as concurrence--Written dissent--Procedure.

South Dakota·Title 47 CORPORATIONS·Ch. 47-30 CORPORATE FRAUDS AND MISMANAGEMENT

Every director of a corporation, who is present at a meeting of the directors at which any act, proceeding, or omission of such directors in violation of this chapter occurs, is deemed to have concurred therein, unless he at the time causes, or in writing requires, his dissent therefrom to be entered in the minutes of the directors, or if absent from such meeting and the record of such violation appears on the record or minutes of the board of directors and he remains a director for six months thereafter without causing, or in writing requiring his dissent from such violation to be entered in the minutes of the directors.

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Every director of a corporation, who is present at a meeting of the directors at which any act, proceeding, or omission of such directors in violation of this chapter occurs, is deemed to have concurred therein, unless he at the time causes, or in writing requires, his dissent therefrom to be entered in the minutes of the directors, or if absent from such meeting and the record of such violation appears on the record or minutes of the board of directors and he remains a director for six months thereafter without causing, or in writing requiring his dissent from such violation to be entered in the minutes of the directors.

South Dakota § 47-30-12 (Presence of director at meeting as concurrence--Written dissent--Procedure.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.