Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 13B - PROFESSIONAL CORPORATIONS FOR THE PRACTICE OF PUBLIC ACCOUNTING
Section 47-13B-7 - Qualifications of directors and officers-Restrictions on powers of lay directors and officers

S.D. Codified Laws § 47-13B-7

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Current through the 2024 Legislative Session
Section 47-13B-7 - Qualifications of directors and officers-Restrictions on powers of lay directors and officers

The principal executive officer shall be a shareholder and a director and, to the extent possible, all other directors and principal officers shall be shareholders, and lay directors and officers shall not exercise any authority whatsoever over professional matters.

SDCL 47-13B-7

SL 1971, ch 260, § 1 (6).