South Dakota Codified Laws 47-1A-1605.2. Court-ordered inspection for director–Limitations–Costs
Current as of: 2023 | Check for updates
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If an order is issued, the court may include provisions protecting the corporation from undue burden or expense, and prohibiting the director from using information obtained upon exercise of the inspection rights in a manner that would violate a duty to the corporation, and may also order the corporation to reimburse the director for the director’s costs, including reasonable counsel fees, incurred in connection with the application.
Terms Used In South Dakota Codified Laws 47-1A-1605.2
- 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.
Source: SL 2005, ch 239, § 383.