A corporation may provide indemnification or advance expenses to a director or an officer only as permitted by §§ 47-1A-850 to 47-1A-859, inclusive.
S.D. Codified Laws § 47-1A-859
Exclusivity of subpart
Known as the South Dakota Business Corporation Act
The act spans §§ 47-1A-1001 to 47-1A-957 (383 sections).
Source: SL 2005, ch 239, § 182.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.