{"data":{"id":"us-sd/sdcl-47-1a-744.3","jurisdiction":"us-sd","citation":"SDCL § 47-1A-744.3","heading":"Proceeding commenced after rejection of shareholder demand--Complaint requirements.","body":"If a derivative proceeding is commenced after a determination has been made rejecting a demand by a shareholder, the complaint shall allege with particularity facts establishing either (1) that a majority of the board of directors did not consist of independent directors at the time the determination was made, or (2) that the requirements of § 47-1A-744 have not been met.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-744.3","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"aa2e06a913e1de0b40785a3c1dbc5989c20dd495bc5d59fbb00f0032bb742903","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-744.2","next":"us-sd/sdcl-47-1a-744.4"},"notice":"GroundRules: Original legal text. Not legal advice."}