South Dakota Codified Laws 47-1A-1605. Inspection of records by directors
Current as of: 2023 | Check for updates
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A director of a corporation is entitled to inspect and copy the books, records, and documents of the corporation at any reasonable time to the extent reasonably related to the performance of the director’s duties as a director, including duties as a member of a committee, but not for any other purpose or in any manner that would violate any duty to the corporation.
Terms Used In South Dakota Codified Laws 47-1A-1605
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 2005, ch 239, § 381.