S.D. Codified Laws § 47-1A-842

Current through the 2024 Legislative Session
Section 47-1A-842 - Standards of conduct for officers

An officer, when performing in such capacity, shall act:

(1) In good faith;
(2) With the care that a person in a like position would reasonably exercise under similar circumstances; and
(3) In a manner the officer reasonably believes to be in the best interests of the corporation.

SDCL 47-1A-842

SL 2005, ch 239, §166.