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Indemnification of successful director, officer, agent, or employee for expenses incurred in proceeding.

SDCL § 47-17-23
in effect
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47-17-23. Indemnification of successful director, officer, agent, or employee for expenses incurred in proceeding. A cooperative shall indemnify a director, officer, agent, or employee who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director, officer, agent, or employee was a party by reason of being a director, officer, agent, or employee of the cooperative, against reasonable expenses incurred in connection with the proceeding. SL 2007, ch 260, § 6; SL 2009, ch 232, § 6.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-17-23Fetched: 10/20/2026

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