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51 chapters · 1,546 sections in this title.
SDCL § 47-17-2 Compensation of directors
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Unless the bylaws of a cooperative provide otherwise, only the members may establish compensation or other benefits for a director, not available generally to officers and employees, for services as director. Source: SDC 1939, § 11.1128 (1) as enacted by SL 1965, ch 23 , § 1.
SDCL § 47-17-20 Filing false document as felony
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A person who files, or causes to be filed, a document required to be filed by this chapter, which he knows to be materially false in any respect, is guilty of a Class 6 felony. Source: SL 1983, ch 15 , § 39.
SDCL § 47-17-21 Indemnification of directors, officers, agents, and employees against liability under certain circumstances
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Except as otherwise provided in § 47-17-22 , a cooperative may indemnify a director, officer, agent, or employee who is a party to a proceeding by reason of being a director, officer, agent, or employee, against liability incurred in the proceeding if the director, officer, agent…
SDCL § 47-17-22 Circumstances under which directors, officers, agents, and employees may not be indemnified
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Unless otherwise ordered by a court, a cooperative may not indemnify a director, officer, agent, or employee: (1) In connection with a proceeding by or in the right of the cooperative, except for reasonable expenses incurred in connection with the proceeding if it is determined t…
