South Dakota Codified Laws 47-17-23. Indemnification of successful director, officer, agent, or employee for expenses incurred in proceeding
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A cooperative shall indemnify a director, officer, agent, or employee who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director, officer, agent, or employee was a party by reason of being a director, officer, agent, or employee of the cooperative, against reasonable expenses incurred in connection with the proceeding.
Source: SL 2007, ch 260, § 6; SL 2009, ch 232, § 6.