Exoneration from personal liability.

  1. Law
  2. South Dakota Codified Laws
  3. Corporations
  4. Nonprofit Corporations Members, Directors, Officers And Agents
  5. Exoneration from personal liability.

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47-23-2. Exoneration from personal liability.

The directors, officers, employees, and members of the corporation shall not, as such, be liable on its obligations.

Source: SDC 1939, §11.1406; SL 1965, ch 24, §12.


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