(SCR 06-13)
In the Matter of the Amendment of SDCL 15-6-23.1
IN THE MATTER OF THE AMENDMENT
OF SDCL 15-6-23.1 RULE 06-13
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A hearing was held on February 16, 2006, at Pierre, South Dakota, relating to the
amendment of SDCL 15-6-23.1, and the Court having considered the proposed amendment, the
correspondence and oral presentations relating thereto and being fully advised in the premises,
now, therefore, it is
ORDERED that SDCL 15-6-23.1 be and it is hereby amended to read in its entirety as
follows:
15-6-23.1.
Derivative actions by shareholders unincorporated associations.
In a derivative
action brought by one or more shareholders or members to enforce a right of a corporation or of
an unincorporated association, the corporation or association having failed to enforce a right which
may properly be asserted by it, the complaint shall be verified and shall allege:
IT IS FURTHER ORDERED that this rule shall become effective July 1, 2006.
DATED at Pierre, South Dakota, this 17th day of March 2006.