The directors, officers, employees, and members of the corporation shall not, as such, be liable on its obligations. Source: SDC 1939, § 11.1406; SL 1965, ch 24 , § 12.
Exoneration from personal liability
SDCL § 47-23-2 — under NONPROFIT CORPORATIONS--MEMBERS, DIRECTORS, OFFICERS AND AGENTS.
SDCL § 47-23-2