For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Director deemed to possess knowledge.

SDCL § 47-30-11
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
47-30-11. Director deemed to possess knowledge. Every director of a corporation is deemed to possess such a knowledge of the affairs of his corporation as to enable him to determine whether any act, proceeding, or omission of its directors, is a violation of this chapter. SDC 1939, § 13.4316.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-30-11Fetched: 10/20/2026

Starting a business in South Dakota? South Dakota LLC guide: costs and requirements