South Dakota Codified Laws 47-28-16. Director or officer failing to answer interrogatories or signing false report–Civil fine
Current as of: 2023 | Check for updates
|
Other versions
Each director and officer of a corporation, domestic or foreign, who fails or refuses within the time prescribed by this chapter to answer truthfully and fully interrogatories propounded to him by the secretary of state in accordance with the provisions of this chapter, or who signs any article, statement, report, application, or other document filed with the secretary of state which is known to such officer or director to be false in any material respect, is subject to a civil fine in any amount not exceeding five hundred dollars.
Terms Used In South Dakota Codified Laws 47-28-16
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
Source: SL 1965, ch 24, § 88; SL 1983, ch 15, § 46; SL 1983, ch 331, § 6.