51 chapters · 1,546 sections in this title.
SDCL § 47-30-1 Fraudulent subscription agreement--Misdemeanor
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Any person: (1) Who signs the name of a fictitious person to a subscription for, or agreement to take stock in a corporation, existing or proposed; or (2) Who procures another to sign such subscription or agreement: (a) Knowing that the other person does not have the means or doe…
SDCL § 47-30-10 Director's liability for failure to perform duties--Misdemeanor
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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 …
SDCL § 47-30-11 Director deemed to possess knowledge
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Every director of a corporation is deemed to possess such a knowledge of the affairs of his corporation as to enable him to determine whether any act, proceeding, or omission of its directors, is a violation of this chapter. Source: SDC 1939, § 13.4316.
SDCL § 47-30-12 Presence of director at meeting as concurrence--Written dissent--Procedure
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Every director of a corporation, who is present at a meeting of the directors at which any act, proceeding, or omission of such directors in violation of this chapter occurs, is deemed to have concurred therein, unless he at the time causes, or in writing requires, his dissent th…