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Mandatory indemnification.

SDCL § 47-1A-852
in effect
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47-1A-852. Mandatory indemnification. A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party by reason of being a director of the corporation, against reasonable expenses incurred in connection with the proceeding. SL 2005, ch 239, § 174.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-852Fetched: 10/20/2026

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