Non-Profit Corporations 

South Dakota Laws > Title 47 > Chapter 23 > § 47-23-27 - Indemnification of corporate agents for liability from good faith acts on behalf of corporation

A nonprofit corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened pending or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative other than an action by or in the right of the corporation by reason of the fact that that person is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent or another corporation, limited liability company, partnership, joint venture, trust, or other enterprise, against expenses including attorneys' fees, judgments, fines, and amounts paid in settlement actually and reasonably incurred by that person in connection with the action, suit, or proceeding if that person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe such conduct was unlawful.

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Questions & Answers: Non-Profit Corporations

If a 1976 corporation homeowners association failed to adopt any bylaws and in 2007 filed them finally in the county in which the townhomes were, but the articles and by laws were...

Suzanne, Unless the association has been legally dissolved, it can continue operating, despite problems with its corporate formalities. To use an analogy, Citibank has to file a va...

501c7 (country club) wants to dissolve and sell to or form a for-profit corp. Would sell shares to interested parties. Would sell $500,000.00 in shares to raise enough money to mak...

Must a vote on an issue be held during a regular membership meeting? If the answer is yes, if a quorum is not met, may the vote still be taken and is it binding?...

Is the board of a 501c3 non-profit obligated to provide minutes to their meetings if requested by a stakeholder? In the event of an animal shelter, would a donor or volunteer be co...

If the president of a board says something to a child (member) in her vehicle on personal time. Then that child repeats it to another child (member) during company time is the boa...

South Dakota Laws: Non-Profit Corporations

South Dakota Laws > Title 47 > Chapter 22 - Nonprofit Corporations--Formation And General Powers

South Dakota Laws > Title 47 > Chapter 23 - Nonprofit Corporations--Members, Directors, Officers And Agents

South Dakota Laws > Title 47 > Chapter 24 - Nonprofit Corporations--Records, Fiscal Affairs And Reports

South Dakota Laws > Title 47 > Chapter 25 - Nonprofit Corporations--Reorganization

South Dakota Laws > Title 47 > Chapter 26 - Nonprofit Corporations--Dissolution And Liquidation

South Dakota Laws > Title 47 > Chapter 27 - Foreign Nonprofit Corporations

South Dakota Laws > Title 47 > Chapter 28 - Nonprofit Corporations--Supervision By Secretary Of State

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