47-1A-744. Dismissal upon determination that maintenance of proceeding not in best interests of corporation.A derivative proceeding shall be dismissed by the court on motion by the corporation if one of the groups specified in §§47-1A-744.1 or 47-1A-744.5 has determined in good faith after conducting a reasonable inquiry upon which its conclusions are based that the maintenance of the derivative proceeding is not in the best interests of the corporation. Source: SL 2005, ch 239, §127.
South Dakota Legal Code