§ 47-12-3 — Only dentists or qualified entities to have ownership or control of entity.
This text of South Dakota § 47-12-3 (Only dentists or qualified entities to have ownership or control of entity.) 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.
Text
Each director, manager, member, partner, and shareholder of an entity subject to this chapter shall be a dentist licensed pursuant to chapter 36-6A or a qualified entity. No person other than a licensed dentist or a qualified entity may have any part in the ownership or control of an entity subject to this chapter, nor may any proxy to vote any shares of such entity be given to a person who is not so licensed. For purposes of this chapter, the term, qualified entity, means any entity subject to this chapter that meets all of the following standards:
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South Dakota § 47-12-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-12-3.