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Exoneration from personal liability.

SDCL § 47-23-2
in effect
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47-23-2. Exoneration from personal liability. The directors, officers, employees, and members of the corporation shall not, as such, be liable on its obligations. SDC 1939, § 11.1406; SL 1965, ch 24, § 12.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-23-2Fetched: 10/20/2026

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