{"data":{"id":"us-sd/sdcl-47-1a-861","jurisdiction":"us-sd","citation":"SDCL § 47-1A-861","heading":"Judicial action--Transaction other than director's conflicting interest transaction.","body":"A transaction effected or proposed to be effected by a corporation, or by a subsidiary of the corporation or any other entity in which the corporation has a controlling interest, that is not a director's conflicting interest transaction, may not be enjoined, set aside, or give rise to an award of damages or other sanctions, in a proceeding by a shareholder or by or in the right of the corporation, because a director of the corporation, or any person with whom or which the director has a personal, economic, or other association, has an interest in the transaction.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-861","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"5147c02e1b887b164f8a0771b1b2dabb72ced495b3306a31c2a54b61ca70c5c0","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-860","next":"us-sd/sdcl-47-1a-861.1"},"notice":"GroundRules: Original legal text. Not legal advice."}