S.D. Codified Laws § 47-11A-7

Current through the 2024 Legislative Session
Section 47-11A-7 - Qualifications of president, directors, and officers

The president of a corporation formed under § 47-11A-1 shall be a shareholder and a director, and to the extent possible all other directors and officers shall be persons having the qualifications prescribed in § 47-11A-5. Lay directors and officers shall not exercise any authority whatsoever over professional matters.

SDCL 47-11A-7

SL 1970, ch 258, § 1 (6).