Section 47-1A-830 - Standards of conduct for directors. - South Dakota Statutes

47-1A-830. Standards of conduct for directors. Each member of the board of directors, when discharging the duties of a director, shall act in good faith and in a manner the director reasonably believes to be in the best interests of the corporation. The members of the board of directors or a committee of the board, when becoming informed in connection with their decision-making function or devoting attention to their oversight function, shall discharge their duties with the care that a person in a like position would reasonably believe appropriate under similar circumstances.

Source: SL 2005, ch 239, § 157.