{"data":{"id":"us-sd/sdcl-47-30-5","jurisdiction":"us-sd","citation":"SDCL § 47-30-5","heading":"Fraudulent corporate insolvency--Participating directors--Misdemeanor.","body":"Every insolvency of a corporation is deemed fraudulent unless its affairs appear, upon investigation, to have been administered fairly and legally, and generally with the same care and diligence that agents receiving a compensation for their services are bound by law to observe. In every case of a fraudulent insolvency of a corporation, every director thereof who participated in such fraud, if no other punishment is prescribed therefor, is guilty of a Class 2 misdemeanor.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-30. CORPORATE FRAUDS AND MISMANAGEMENT"],"source_url":"https://sdlegislature.gov/Statutes/47-30-5","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"fc548c8f6355fca4810474ef08106c137cd3869534e1b2cb17783a3d0946490e","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-30-4","next":"us-sd/sdcl-47-30-6"},"notice":"GroundRules: Original legal text. Not legal advice."}