South Dakota Statutes
§ 47-34A-1101 — Direct action by member.
(a)Subject to subsection (b), a member may maintain a direct action against another member, a manager, or the limited liability company to enforce the member's rights and otherwise protect the member's interests, including rights and interests under the operating agreement or this chapter or arising independently of the membership relationship.
(b)A member maintaining a direct action under this section must plead an actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company.
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South Dakota § 47-34A-1101 (Direct action by member.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
MacH v. Connors
979 N.W.2d 161 (South Dakota Supreme Court, 2022)
Stewart v. Plains Commerce Bank
(D. South Dakota, 2025)
Trigger Energy Holdings v. Stevens
2025 S.D. 72 (South Dakota Supreme Court, 2025)
Legislative History
SL 1998, ch 272, § 1101; SL 2013, ch 233, § 39.
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Repealed§ 47-1-3
Repealed§ 47-10-1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.