South Dakota Statutes
§ 47-34A-302 — Limited liability company liable for member's or manager's actionable conduct.
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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South Dakota § 47-34A-302 (Limited liability company liable for member's or manager's actionable conduct.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.