Section 58-5-64 - Stock ownership not a prohibited pecuniary interest. - South Dakota Statutes

58-5-64. Stock ownership not a prohibited pecuniary interest. Any of the persons referred to in §§ 58-5-61 to 58-5-63, inclusive, shall not be deemed pecuniarily interested in any transaction with another corporation in which such person has no pecuniary interest other than ownership of stock or other securities issued by such corporation and representing a relatively trivial interest therein.

Source: SL 1966, ch 111, ch 16, § 22 (4).