South Dakota § 47-1A-853.1 - Authorizations under § 47-1A-853--Board of directors or shareholders.
Full text of South Dakota South Dakota Codified Laws § 47-1A-853.1 — Authorizations under § 47-1A-853--Board of directors or shareholders., with citation guidance and answers to common questions.
§ 47-1A-853.1. Authorizations under § 47-1A-853--Board of directors or shareholders.
Authorizations under § 47-1A-853 shall be made:
(1) By the board of directors:
(a) If there are two or more disinterested directors, by a majority vote of all the disinterested directors, a majority of whom shall for such purpose constitute a quorum, or by a majority of the members of a committee of two or more disinterested directors appointed by such a vote; or
(b) If there are fewer than two disinterested directors, by the vote necessary for action by the board in accordance with § 47-1A-824, in which authorization directors who do not qualify as disinterested directors may participate; or
(2) By the shareholders, but shares owned by or voted under the control of a director who at the time does not qualify as a disinterested director may not be voted, on the authorization.
Source: SL 2005, ch 239, § 176.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-853.1
What does South Dakota Codified Laws § 47-1A-853.1 cover?
Section 47-1A-853.1 ("Authorizations under § 47-1A-853--Board of directors or shareholders.") 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-853.1?
A common citation format is "South Dakota Codified Laws § 47-1A-853.1" (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-853.1 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.