South Dakota Statutes
§ 47-11A-7 — Qualifications of president, directors, and officers.
South Dakota § 47-11A-7
This text of South Dakota § 47-11A-7 (Qualifications of president, directors, and officers.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 47-11A-7 (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1970, ch 258, § 1 (6).
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
Powers of corporations.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 47-11A-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-11A-7.