<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 47-11D-1 - Formation of corporation or limited liability company authorized. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068646Normal { 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.s2068646SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068646CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068646Normal-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.s2068646DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2068646Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2068646000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068646SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068646SCL-000003 { 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="s2068646Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-11D-1"><span class="s2068646SENU">47-11D-1</span></a><span xml:space="preserve" class="s2068646SENU">. </span><span class="s2068646CL">Formation of corporation or limited liability company authorized.</span></p><p dir="ltr" class="s2068646Normal-000000"><span class="s2068646DefaultParagraphFont">One or more physician assistants may form a professional corporation for practicing as physician's assistants under the South Dakota Business Corporation Act, if such corporations are organized and operated in accordance with the provisions of this chapter.</span></p><p dir="ltr" class="s2068646Normal-000001"><span class="s2068646DefaultParagraphFont">Physician's assistants may form a professional limited liability company under the South Dakota Limited Liability Company Act if the limited liability company is organized and operated in accordance with the provisions of this chapter. The articles of organization of the limited liability company shall contain provisions complying with the requirements of this chapter.</span></p><p dir="ltr" class="s2068646Normal"><span xml:space="preserve" class="s2068646000002"> </span></p><p dir="ltr" class="s2068646Normal"><span class="s2068646SCL">Source:</span><span xml:space="preserve" class="s2068646SCL-000003"> SL 1993, ch 337, § 1; SL 2000, ch 222, § 5.</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 47-11D-1 - Formation of corporation or limited liability company authorized. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068647Normal { 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.s2068647SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068647CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068647Normal-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.s2068647DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2068647Normal-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.s2068647000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068647SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068647SCL-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="s2068647Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-11D-1.1"><span class="s2068647SENU">47-11D-1.1</span></a><span xml:space="preserve" class="s2068647SENU">. </span><span class="s2068647CL">Definition of terms.</span></p><p dir="ltr" class="s2068647Normal-000000"><span class="s2068647DefaultParagraphFont">Terms used in this chapter shall also include the following terms:</span></p><p dir="ltr" class="s2068647Normal-000001"><span class="s2068647DefaultParagraphFont">(1)    "Articles of incorporation," the articles of organization of a limited liability company;</span></p><p dir="ltr" class="s2068647Normal-000001"><span class="s2068647DefaultParagraphFont">(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="s2068647Normal-000001"><span class="s2068647DefaultParagraphFont">(3)    "Director" or "officer," 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="s2068647Normal-000001"><span class="s2068647DefaultParagraphFont">(4)    "Incorporation," the members of a limited liability company;</span></p><p dir="ltr" class="s2068647Normal-000001"><span class="s2068647DefaultParagraphFont">(5)    "Shareholders," the members of a limited liability company;</span></p><p dir="ltr" class="s2068647Normal-000001"><span class="s2068647DefaultParagraphFont">(6)    "Shares" or "stock," membership interests in a limited liability company.</span></p><p dir="ltr" class="s2068647Normal"><span xml:space="preserve" class="s2068647000002"> </span></p><p dir="ltr" class="s2068647Normal"><span class="s2068647SCL">Source:</span><span xml:space="preserve" class="s2068647SCL-000003"> SL 2000, ch 222, § 6.</span></p></div></body></html>