SDCL § 47-1A-924.3: Owner liability only for debts arising after effective time of articles of domestication.
Where this section sits in the code
- TITLE 47. CORPORATIONS
- CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT
A shareholder who becomes subject to owner liability for some or all of the debts, obligations, or liabilities of the corporation as a result of its domestication in this state has owner liability only for those debts, obligations, or liabilities of the corporation that arise after the effective time of the articles of domestication.
Collected 2026-09-03T15:18:57Z. Source file · JSON