<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11B-1 - Optometric corporations and liability companies authorized. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068596Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2068596SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068596CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068596Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2068596DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068596000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068596SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068596SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2068596Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-11B-1"><span class="s2068596SENU">47-11B-1</span></a><span xml:space="preserve" class="s2068596SENU">. </span><span class="s2068596CL">Optometric corporations and liability companies authorized.</span></p><p dir="ltr" class="s2068596Normal-000000"><span class="s2068596DefaultParagraphFont">One or more optometrists may form professional service corporations for the practice of optometry under the South Dakota Business Corporation Act, as amended, providing that such corporations are organized and operated in accordance with the provisions of this chapter. Optometrists may form a limited liability company for the practice of optometry under the South Dakota Limited Liability Company Act, as amended, providing that such limited liability companies are organized and operated in accordance with the provisions of this chapter.</span></p><p dir="ltr" class="s2068596Normal"><span xml:space="preserve" class="s2068596000001"> </span></p><p dir="ltr" class="s2068596Normal"><span class="s2068596SCL">Source:</span><span xml:space="preserve" class="s2068596SCL-000002"> SL 1972, ch 249, § 1; SL 1993, ch 344, § 39G.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11B-1 - Optometric corporations and liability companies authorized. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068597Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2068597SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068597CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068597Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2068597DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2068597Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2068597000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068597SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068597SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2068597Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-11B-1.1"><span class="s2068597SENU">47-11B-1.1</span></a><span xml:space="preserve" class="s2068597SENU">. </span><span class="s2068597CL">Definition of terms.</span></p><p dir="ltr" class="s2068597Normal-000000"><span class="s2068597DefaultParagraphFont">Terms used in this chapter mean:</span></p><p dir="ltr" class="s2068597Normal-000001"><span class="s2068597DefaultParagraphFont">(1)    "Articles of incorporation," includes the articles of organization of a limited liability company;</span></p><p dir="ltr" class="s2068597Normal-000001"><span class="s2068597DefaultParagraphFont">(2)    "Corporation," both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act;</span></p><p dir="ltr" class="s2068597Normal-000001"><span class="s2068597DefaultParagraphFont">(3)    "Director" or "officer," includes any manager of a limited liability company or the members of a limited liability company that does not have managers;</span></p><p dir="ltr" class="s2068597Normal-000001"><span class="s2068597DefaultParagraphFont">(4)    "Incorporation," includes the members of a limited liability company;</span></p><p dir="ltr" class="s2068597Normal-000001"><span class="s2068597DefaultParagraphFont">(5)    "Shareholders," includes the members of a limited liability company;</span></p><p dir="ltr" class="s2068597Normal-000001"><span class="s2068597DefaultParagraphFont">(6)    "Shares" or "stock," includes membership interests in a limited liability company.</span></p><p dir="ltr" class="s2068597Normal"><span xml:space="preserve" class="s2068597000002"> </span></p><p dir="ltr" class="s2068597Normal"><span class="s2068597SCL">Source:</span><span xml:space="preserve" class="s2068597SCL-000003"> SL 1993, ch 344, § 39H.</span></p></div></body></html>