{"data":{"id":"us-sd/sdcl-47-1a-744.1","jurisdiction":"us-sd","citation":"SDCL § 47-1A-744.1","heading":"Groups authorized to make determination that maintenance of proceeding not in best interest of corporation.","body":"Unless a panel is appointed pursuant to § 47-1A-744.5, the determination in § 47-1A-744 shall be made by:\n(1) A majority vote of independent directors present at a meeting of the board of directors if the independent directors constitute a quorum; or\n(2) A majority vote of a committee consisting of two or more independent directors appointed by majority vote of independent directors present at a meeting of the board of directors, whether or not such independent directors constituted a quorum.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-744.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"41f23ba36ef7b93bb8feb26b752ccf0cb1a55f60f3b20103005c659e7f045b10","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-744","next":"us-sd/sdcl-47-1a-744.2"},"notice":"GroundRules: Original legal text. Not legal advice."}