State Codes and Statutes
Statutes > South-dakota > Title-47 > Chapter-30 > Statute-47-30-1147-30-11. Director deemed to possess knowledge. Every director of a corporation is deemed to possess such a knowledge of the affairs of his corporation as to enable him to determine whether any act, proceeding, or omission of its directors, is a violation of this chapter.
Source: SDC 1939, § 13.4316.
