South Dakota Statutes
§ 47-13B-7 — Qualifications of directors and officers--Restrictions on powers of lay directors and officers.
South Dakota § 47-13B-7
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-12PROFESSIONAL CORPORATIONS FOR THE PRACTICE OF PUBLIC ACCOUNTING
This text of South Dakota § 47-13B-7 (Qualifications of directors and officers--Restrictions on powers of lay 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 § 47-13B-7 (2026).
Text
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.
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Legislative History
SL 1971, ch 260, § 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Repealed§ 47-1-3
Repealed§ 47-10-1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
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Bluebook (online)
South Dakota § 47-13B-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-13B-7.