Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 23 - Nonprofit Corporations--Members, Directors, Officers And Agents > Section 47-23-2 - Exoneration from personal liability.

Section 47-23-2 - Exoneration from personal liability.

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.