South Dakota Codified Laws 47-23-32. Waiver of immunity to extent of risk sharing pool or liability insurance coverage–Volunteer serving as director, officer, or trustee exempt
Current as of: 2023 | Check for updates
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To the extent that any volunteer, nonprofit corporation, nonprofit organization, governmental entity, or hospital organized pursuant to chapter 34-8, 34-9, or 34-10 participates in a risk sharing pool or purchases liability insurance and to the extent that coverage is afforded thereunder, the immunity provided by § 47-23-29 is deemed to have been waived and may not be raised by way of affirmative defense. This section does not apply to a volunteer serving as a director, officer, or trustee.
Terms Used In South Dakota Codified Laws 47-23-32
- 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.
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1987, ch 344, § 5.