{"data":{"id":"us-sd/sdcl-47-1a-853.1","jurisdiction":"us-sd","citation":"SDCL § 47-1A-853.1","heading":"Authorizations under § 47-1A-853--Board of directors or shareholders.","body":"Authorizations under § 47-1A-853 shall be made:\n(1) By the board of directors:\n(a) If there are two or more disinterested directors, by a majority vote of all the disinterested directors, a majority of whom shall for such purpose constitute a quorum, or by a majority of the members of a committee of two or more disinterested directors appointed by such a vote; or\n(b) If there are fewer than two disinterested directors, by the vote necessary for action by the board in accordance with § 47-1A-824, in which authorization directors who do not qualify as disinterested directors may participate; or\n(2) By the shareholders, but shares owned by or voted under the control of a director who at the time does not qualify as a disinterested director may not be voted, on the authorization.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-853.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"4eb28c9f37775477ea20ab8bd2f63072aa5db7589fcab3d9b5cb14c8a9842326","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-853","next":"us-sd/sdcl-47-1a-854"},"notice":"GroundRules: Original legal text. Not legal advice."}