South Dakota Statutes

§ 58-38-1 — Incorporators, number required--Purpose of incorporation.

South Dakota·Title 58 INSURANCE·Ch. 58-37A NONPROFIT MEDICAL AND SURGICAL PLANS
Five or more natural persons of full age and of either sex, all of whom are residents of this state and citizens of the United States, may form, under the provisions of the laws of this state relating to corporations, so far as those provisions are applicable and are not inconsistent with the provisions of this chapter, a nonprofit medical and surgical service plan corporation for the purpose of establishing, maintaining, and operating a nonprofit medical and surgical plan, whereby medical and surgical service may be provided at the expense of said corporation by duly licensed physicians and surgeons, to such of the public as become subscribers to said corporation under a contract which entitles each subscriber to medical and professional care. Such corporation shall be governed by this ch

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South Dakota § 58-38-1 (Incorporators, number required--Purpose of incorporation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 21, § 2.

Nearby Sections

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