S.D. Codified Laws § 47-11C-3
Current with legislation signed by the governor on or before 3/6/2024
All of the officers, directors, and shareholders of a corporation created by this chapter shall at times be persons registered pursuant to the provisions of chapter 36-8. No person who is not so licensed shall have any part in the ownership or control of such corporation, nor may any proxy to vote any shares of such corporation be given to a person who is not so registered.
SDCL 47-11C-3