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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 30 - Corporate Frauds And Mismanagement > Section 47-30-11 - Director deemed to possess knowledge.

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SOUTH DAKOTA STATUTES AND CODES

Section 47-30-11 - Director deemed to possess knowledge.

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.

Source: SDC 1939, § 13.4316.

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