South Dakota § 47-11G-9 Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions.

South Dakota Statutes

§ 47-11G-9 — Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions.

South Dakota § 47-11G-9

Title 47CORPORATIONS

Ch. 47-10PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS

This text of South Dakota § 47-11G-9 (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 § 47-11G-9 (2026).

Text

A corporation formed pursuant to this chapter may adopt a pension profit-sharing, a health and accident, an insurance, or a welfare plan for all or some of its employees, including lay employees, if the plan does not require or result in the sharing of specific or identifiable fees with lay employees, and if any payments made to lay employees or into any such plan on behalf of lay employees are based on their compensation, their 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 corporation formed pursuant to this chapter may adopt a pension profit-sharing, a health and accident, an insurance, or a welfare plan for all or some of its employees, including lay employees, if the plan does not require or result in the sharing of specific or identifiable fees with lay employees, and if any payments made to lay employees or into any such plan on behalf of lay employees are based on their compensation, their length of service, or both, rather than the amount of fees or income received.