South Dakota § 47-1A-744.1 - Groups authorized to make determination that maintenance of proceeding not in best interest of corporation.
Full text of South Dakota South Dakota Codified Laws § 47-1A-744.1 — Groups authorized to make determination that maintenance of proceeding not in best interest of corporation., with citation guidance and answers to common questions.
§ 47-1A-744.1. Groups authorized to make determination that maintenance of proceeding not in best interest of corporation.
Unless a panel is appointed pursuant to § 47-1A-744.5, the determination in § 47-1A-744 shall be made by:
(1) A majority vote of independent directors present at a meeting of the board of directors if the independent directors constitute a quorum; or
(2) A majority vote of a committee consisting of two or more independent directors appointed by majority vote of independent directors present at a meeting of the board of directors, whether or not such independent directors constituted a quorum.
Source: SL 2005, ch 239, § 128.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-744.1
What does South Dakota Codified Laws § 47-1A-744.1 cover?
Section 47-1A-744.1 ("Groups authorized to make determination that maintenance of proceeding not in best interest of corporation.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 47-1A-744.1?
A common citation format is "South Dakota Codified Laws § 47-1A-744.1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 47-1A-744.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.