South Dakota § 47-1A-831.1 - Specific burdens when seeking specified money damages or payment.
Full text of South Dakota South Dakota Codified Laws § 47-1A-831.1 — Specific burdens when seeking specified money damages or payment., with citation guidance and answers to common questions.
§ 47-1A-831.1. Specific burdens when seeking specified money damages or payment.
The party seeking to hold the director liable:
(1) For money damages, also has the burden of establishing that:
(a) Harm to the corporation or its shareholders has been suffered; and
(b) The harm suffered was proximately caused by the director's challenged conduct; or
(2) For other money payment under a legal remedy, such as compensation for the unauthorized use of corporate assets, also has whatever persuasion burden may be called for to establish that the payment sought is appropriate in the circumstances; or
(3) For other money payment under an equitable remedy, such as profit recovery by or disgorgement to the corporation, also has whatever persuasion burden may be called for to establish that the equitable remedy sought is appropriate in the circumstances.
Source: SL 2005, ch 239, § 160.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-831.1
What does South Dakota Codified Laws § 47-1A-831.1 cover?
Section 47-1A-831.1 ("Specific burdens when seeking specified money damages or payment.") 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-831.1?
A common citation format is "South Dakota Codified Laws § 47-1A-831.1" (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-831.1 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.