South Dakota § 47-22-71 - Circumstances under which ultra vires may be asserted--Actions by corporation against officers or directors.
Full text of South Dakota South Dakota Codified Laws § 47-22-71 — Circumstances under which ultra vires may be asserted--Actions by corporation against officers or directors., with citation guidance and answers to common questions.
§ 47-22-71. Circumstances under which ultra vires may be asserted--Actions by corporation against officers or directors.
Notwithstanding § 47-22-69, the fact that a corporation was without capacity or power to do an act or to make or receive a conveyance or transfer of real or personal property may be asserted in a proceeding by the corporation, whether acting directly or through a receiver, trustee, or other legal representative, or through members in a representative suit, against the officers or directors of the corporation for exceeding their authority.
Source: SL 1965, ch 24, § 6 (2).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-22-71
What does South Dakota Codified Laws § 47-22-71 cover?
Section 47-22-71 ("Circumstances under which ultra vires may be asserted--Actions by corporation against officers or directors.") 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 § 47-22-71?
A common citation format is "South Dakota Codified Laws § 47-22-71" (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 § 47-22-71 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.