There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 13B. Professional Corporations For The Practice Of Public Accounting
§47-13B-7 Qualifications of directors and officers--Restrictions on powers of lay directors and officers.
SD Codified L § 47-13B-7 (through 2011) What's This?
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.
Source: SL 1971, ch 260, § 1 (6).
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