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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 47-1A-852: Mandatory indemnification.

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Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT

A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party by reason of being a director of the corporation, against reasonable expenses incurred in connection with the proceeding.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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