§ 47-23-2

S.D. Codified Laws § 47-23-2 (2026)

Exoneration from personal liability.

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

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.