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Standards of conduct for officers.

SDCL § 47-1A-842
in effect
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47-1A-842. Standards of conduct for officers. An officer, when performing in such capacity, shall act: (1) In good faith; (2) With the care that a person in a like position would reasonably exercise under similar circumstances; and (3) In a manner the officer reasonably believes to be in the best interests of the corporation. SL 2005, ch 239, § 166.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-842Fetched: 10/20/2026

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