An action instituted or maintained in the right of any association by any member or stockholder shall not be dismissed or compromised without the approval of the court.
S.D. Codified Laws § 47-16-37
Approval of court required for termination of action
Source: SDC 1939, § 11.1153 (2) as enacted by SL 1965, ch 23, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.