South Dakota Statutes
§ 47-34A-302 — Limited liability company liable for member's or manager's actionable conduct.
South Dakota § 47-34A-302
This text of South Dakota § 47-34A-302 (Limited liability company liable for member's or manager's actionable conduct.) 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 § 47-34A-302 (2026).
Text
A limited liability company is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a member or manager acting in the ordinary course of business of the company or with authority of the company.
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Related
Ruschenberg v. Eliason
2014 SD 42 (South Dakota Supreme Court, 2014)
Legislative History
SL 1998, ch 272, § 302.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
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Bluebook (online)
South Dakota § 47-34A-302, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-34A-302.