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Groups authorized to make determination that maintenance of proceeding not in best interest of corporation.

SDCL § 47-1A-744.1
in effect
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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. SL 2005, ch 239, § 128.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-744.1Fetched: 10/20/2026

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