# HB1202 Summary This bill lowers the number of qualified directors required for a corporation to take certain actions under South Dakota corporate law. Specifically, it reduces the threshold of independent or disinterested directors needed to approve transactions like related-party deals or executive compensation, making it easier for corporations to meet quorum and voting requirements for these decisions.
AI-generated summary
This bill does not directly amend codified state law.
Signed by the Governor H.J. 760
Delivered to the Governor H.J. 674
Signed by the President S.J. 637
Signed by the Speaker H.J. 647
Senate Do Pass Passed, YEAS 32, NAYS 0. S.J. 596
Commerce and Energy Placed on consent
Commerce and Energy Do Pass Passed, YEAS 6, NAYS 0. S.J. 547
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 402
House of Representatives Do Pass Passed, YEAS 69, NAYS 0. H.J. 416
Judiciary Placed on consent
Judiciary Do Pass Passed, YEAS 12, NAYS 0. H.J. 387
Judiciary Scheduled for hearing
First read in House and referred to House Judiciary H.J. 253
Michael Diedrich
Prime sponsor · Rep.
R
Commerce and Energy — Do Pass
Do Pass
Judiciary — Do Pass