S.D. Codified Laws § 47-1A-744.3
Current through the 2024 Legislative Session
If a derivative proceeding is commenced after a determination has been made rejecting a demand by a shareholder, the complaint shall allege with particularity facts establishing either (1) that a majority of the board of directors did not consist of independent directors at the time the determination was made, or (2) that the requirements of § 47-1A-744 have not been met.
SDCL 47-1A-744.3