South Dakota § 47-11E-15 Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions.

South Dakota Statutes

§ 47-11E-15 — Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions.

South Dakota § 47-11E-15

Title 47CORPORATIONS

Ch. 47-10NURSING CORPORATIONS

This text of South Dakota § 47-11E-15 (Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions.) 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 § 47-11E-15 (2026).

Text

A professional service corporation may adopt a pension profit - sharing (whether cash or deferred), health and accident, insurance, or welfare plan for all or part of its employees including lay employees, if such plan does not require or result in the sharing of specific or identifiable fees with lay employees and any payments made to lay employees or into any such plan in behalf of lay employees are based upon their compensation or length of service, or both, rather than the amount of fees or income received.

Free access — add to your briefcase to read the full text and ask questions with AI

A professional service corporation may adopt a pension profit - sharing (whether cash or deferred), health and accident, insurance, or welfare plan for all or part of its employees including lay employees, if such plan does not require or result in the sharing of specific or identifiable fees with lay employees and any payments made to lay employees or into any such plan in behalf of lay employees are based upon their compensation or length of service, or both, rather than the amount of fees or income received.