{"data":{"id":"us-sd/sdcl-47-1a-862.3","jurisdiction":"us-sd","citation":"SDCL § 47-1A-862.3","heading":"Qualified director defined.","body":"For purposes of §§ 47-1A-862 and 47-1A-862.1, the term, qualified director means, with respect to a director's conflicting interest transaction, any director who does not have either a conflicting interest respecting the transaction, or a familial, financial, professional, or employment relationship with a second director who does have a conflicting interest respecting the transaction, which relationship would, in the circumstances, reasonably be expected to exert an influence on the first director's judgment when voting on the transaction.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-862.3","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"9317f4a1295445124e2c3c9cef4ff0909350fa5ad29735b629c3dbd1e754f52b","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-862.2","next":"us-sd/sdcl-47-1a-863"},"notice":"GroundRules: Original legal text. Not legal advice."}