Director's liability for failure to perform duties--Misdemeanor

Any director of a corporation who intentionally does an act, as director, which is expressly forbidden by law, or intentionally omits to perform a duty expressly imposed upon him as director, by law, the punishment for which act or omission is not otherwise prescribed, is guilty of a Class 2 misdemeanor. Source: SDC 1939, § 13.4315; SL 1983, ch 15 , § 55.