S.D. Codified Laws § 47-1A-852

Current through the 2024 Legislative Session
Section 47-1A-852 - Mandatory indemnification

A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party by reason of being a director of the corporation, against reasonable expenses incurred in connection with the proceeding.

SDCL 47-1A-852

SL 2005, ch 239, §174.