South Dakota Codified Laws 47-1A-732.4. Liability of directors limited to extent discretion or powers limited by agreement
Current as of: 2023 | Check for updates
|
Other versions
An agreement authorized by § 47-1A-732 that limits the discretion or powers of the board of directors shall relieve the directors of, and impose upon the person or persons in whom such discretion or powers are vested, liability for acts or omissions imposed by law on directors to the extent that the discretion or powers of the directors are limited by the agreement.
Terms Used In South Dakota Codified Laws 47-1A-732.4
- Person: includes an individual and an entity. See South Dakota Codified Laws 47-1A-140
Source: SL 2005, ch 239, § 120.