<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sfd458c19533344a198240142ab1c2160Normal { text-align: center; 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.sfd458c19533344a198240142ab1c2160HG4 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfd458c19533344a198240142ab1c2160DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfd458c19533344a198240142ab1c2160HG4C { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sfd458c19533344a198240142ab1c2160Normal-000000 { 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.sfd458c19533344a198240142ab1c2160000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sfd458c19533344a198240142ab1c2160B { margin-left: 1.38in; text-indent: -1.38in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS"><meta property="og:description" content="SDLRC Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS"><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=47-11G"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sfd458c19533344a198240142ab1c2160Normal"><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160HG4">CHAPTER </span><a href="https://sdlegislature.gov/Statutes?Statute=47-11G" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G</span></a></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160Normal"><span class="sfd458c19533344a198240142ab1c2160HG4C">PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160Normal-000000"><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160000001"> </span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-1" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-1</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Definition of terms.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-2" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-2</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Professional service corporations and limited liability companies for physical, occupational, and speech-language pathologists.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-3" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-3</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Formation of corporation Powers and privileges.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-4" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-4</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Name of corporation or limited liability company.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-5" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-5</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Shareholders Requirements.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-6" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-6</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Directors and officers.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-7" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-7</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Personal liability--Exception.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-8" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-8</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Articles of incorporation Shareholder and employee information.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-9" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-9</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-10" rel="noopener"><span class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">47-11G-10</span></a><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160DefaultParagraphFont">    Standards of professional conduct--Compliance--Discipline.</span></p><p dir="ltr" class="sfd458c19533344a198240142ab1c2160B"><span xml:space="preserve" class="sfd458c19533344a198240142ab1c2160000001"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s6667c775335e4f25b4f9ac2e192dce2fNormal { 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.s6667c775335e4f25b4f9ac2e192dce2fSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6667c775335e4f25b4f9ac2e192dce2fCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s6667c775335e4f25b4f9ac2e192dce2fStatute { 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.s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s6667c775335e4f25b4f9ac2e192dce2fStatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; 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.s6667c775335e4f25b4f9ac2e192dce2f000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s6667c775335e4f25b4f9ac2e192dce2fNoIndent { text-indent: 0.00in; 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.s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6667c775335e4f25b4f9ac2e192dce2fSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Definition of terms."><meta property="og:description" content="SDLRC Codified Law - Definition of terms."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s6667c775335e4f25b4f9ac2e192dce2fNormal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-1" rel="noopener"><span class="s6667c775335e4f25b4f9ac2e192dce2fSENU">47-11G-1</span></a><span xml:space="preserve" class="s6667c775335e4f25b4f9ac2e192dce2fSENU">. </span><span class="s6667c775335e4f25b4f9ac2e192dce2fCL">Definition of terms.</span></p><p dir="ltr" class="s6667c775335e4f25b4f9ac2e192dce2fStatute"><span class="s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont">As used in this chapter:</span></p><p dir="ltr" class="s6667c775335e4f25b4f9ac2e192dce2fStatuteNumber1"><span class="s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont">(1)    "Articles of incorporation," includes the articles of organization of a limited liability company;</span></p><p dir="ltr" class="s6667c775335e4f25b4f9ac2e192dce2fStatuteNumber1"><span class="s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont">(2)    "Corporation," includes 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="s6667c775335e4f25b4f9ac2e192dce2fStatuteNumber1"><span class="s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont">(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="s6667c775335e4f25b4f9ac2e192dce2fStatuteNumber1"><span class="s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont">(4)    "Incorporation," includes the organization of a limited liability company;</span></p><p dir="ltr" class="s6667c775335e4f25b4f9ac2e192dce2fStatuteNumber1"><span class="s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont">(5)    "Shareholders," includes the members of a limited liability company; and</span></p><p dir="ltr" class="s6667c775335e4f25b4f9ac2e192dce2fStatuteNumber1"><span class="s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont">(6)    "Shares," includes membership interests in a limited liability company.</span></p><p dir="ltr" class="s6667c775335e4f25b4f9ac2e192dce2fNormal"><span xml:space="preserve" class="s6667c775335e4f25b4f9ac2e192dce2f000000"> </span></p><p dir="ltr" class="s6667c775335e4f25b4f9ac2e192dce2fNoIndent"><span xml:space="preserve" class="s6667c775335e4f25b4f9ac2e192dce2fDefaultParagraphFont-000001">Source: </span><span class="s6667c775335e4f25b4f9ac2e192dce2fSCL">SL 2022, ch 167, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s183ce4e818d74389aff4df4d993e52c1Normal { 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.s183ce4e818d74389aff4df4d993e52c1SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s183ce4e818d74389aff4df4d993e52c1CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s183ce4e818d74389aff4df4d993e52c1Statute { 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.s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s183ce4e818d74389aff4df4d993e52c1000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s183ce4e818d74389aff4df4d993e52c1NoIndent { text-indent: 0.00in; 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.s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s183ce4e818d74389aff4df4d993e52c1SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Professional service corporations and limited liability companies for physical, occupational, and speech-language pathologists."><meta property="og:description" content="SDLRC Codified Law - Professional service corporations and limited liability companies for physical, occupational, and speech-language pathologists."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s183ce4e818d74389aff4df4d993e52c1Normal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-2" rel="noopener"><span class="s183ce4e818d74389aff4df4d993e52c1SENU">47-11G-2</span></a><span xml:space="preserve" class="s183ce4e818d74389aff4df4d993e52c1SENU">. </span><span class="s183ce4e818d74389aff4df4d993e52c1CL">Professional service corporations and limited liability companies for physical, occupational, and speech-language pathologists.</span></p><p dir="ltr" class="s183ce4e818d74389aff4df4d993e52c1Statute"><span xml:space="preserve" class="s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont">One or more physical therapists licensed pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=36-10" rel="noopener"><span class="s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont">36-10</span></a><span xml:space="preserve" class="s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont">, occupational therapists licensed pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=36-31" rel="noopener"><span class="s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont">36-31</span></a><span xml:space="preserve" class="s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont">, speech-language pathologists licensed pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=36-37" rel="noopener"><span class="s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont">36-37</span></a><span class="s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont">, or any combination of such licensees, may form a corporation under the South Dakota Business Corporation Act. The articles of incorporation must contain provisions complying with the requirements of this chapter.</span></p><p dir="ltr" class="s183ce4e818d74389aff4df4d993e52c1Normal"><span xml:space="preserve" class="s183ce4e818d74389aff4df4d993e52c1000000"> </span></p><p dir="ltr" class="s183ce4e818d74389aff4df4d993e52c1NoIndent"><span xml:space="preserve" class="s183ce4e818d74389aff4df4d993e52c1DefaultParagraphFont-000001">Source: </span><span class="s183ce4e818d74389aff4df4d993e52c1SCL">SL 2022, ch 167, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.se47ad7aed8ff46be8c030395138231ecNormal { 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.se47ad7aed8ff46be8c030395138231ecSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.se47ad7aed8ff46be8c030395138231ecCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.se47ad7aed8ff46be8c030395138231ecStatute { 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.se47ad7aed8ff46be8c030395138231ecDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.se47ad7aed8ff46be8c030395138231ecStatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; 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.se47ad7aed8ff46be8c030395138231ec000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.se47ad7aed8ff46be8c030395138231ecNoIndent { text-indent: 0.00in; 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.se47ad7aed8ff46be8c030395138231ecDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.se47ad7aed8ff46be8c030395138231ecSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Formation of corporation Powers and privileges."><meta property="og:description" content="SDLRC Codified Law - Formation of corporation Powers and privileges."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="se47ad7aed8ff46be8c030395138231ecNormal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-3" rel="noopener"><span class="se47ad7aed8ff46be8c030395138231ecSENU">47-11G-3</span></a><span xml:space="preserve" class="se47ad7aed8ff46be8c030395138231ecSENU">. </span><span class="se47ad7aed8ff46be8c030395138231ecCL">Formation of corporation Powers and privileges.</span></p><p dir="ltr" class="se47ad7aed8ff46be8c030395138231ecStatute"><span class="se47ad7aed8ff46be8c030395138231ecDefaultParagraphFont">A corporation formed pursuant to this chapter may:</span></p><p dir="ltr" class="se47ad7aed8ff46be8c030395138231ecStatuteNumber1"><span class="se47ad7aed8ff46be8c030395138231ecDefaultParagraphFont">(1)    Be organized for the purpose of conducting the practice of physical therapy, occupational therapy, or speech-language pathology, or any combination of such practices; and</span></p><p dir="ltr" class="se47ad7aed8ff46be8c030395138231ecStatuteNumber1"><span class="se47ad7aed8ff46be8c030395138231ecDefaultParagraphFont">(2)    Exercise the powers and privileges conferred upon corporations by the laws of this state.</span></p><p dir="ltr" class="se47ad7aed8ff46be8c030395138231ecNormal"><span xml:space="preserve" class="se47ad7aed8ff46be8c030395138231ec000000"> </span></p><p dir="ltr" class="se47ad7aed8ff46be8c030395138231ecNoIndent"><span xml:space="preserve" class="se47ad7aed8ff46be8c030395138231ecDefaultParagraphFont-000001">Source: </span><span class="se47ad7aed8ff46be8c030395138231ecSCL">SL 2022, ch 167, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s4aac3e05456a41e0b26c18b96cb3a022Normal { 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.s4aac3e05456a41e0b26c18b96cb3a022SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4aac3e05456a41e0b26c18b96cb3a022CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s4aac3e05456a41e0b26c18b96cb3a022Statute { 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.s4aac3e05456a41e0b26c18b96cb3a022DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4aac3e05456a41e0b26c18b96cb3a022000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s4aac3e05456a41e0b26c18b96cb3a022NoIndent { text-indent: 0.00in; 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.s4aac3e05456a41e0b26c18b96cb3a022DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4aac3e05456a41e0b26c18b96cb3a022SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Name of corporation or limited liability company."><meta property="og:description" content="SDLRC Codified Law - Name of corporation or limited liability company."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s4aac3e05456a41e0b26c18b96cb3a022Normal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-4" rel="noopener"><span class="s4aac3e05456a41e0b26c18b96cb3a022SENU">47-11G-4</span></a><span xml:space="preserve" class="s4aac3e05456a41e0b26c18b96cb3a022SENU">. </span><span class="s4aac3e05456a41e0b26c18b96cb3a022CL">Name of corporation or limited liability company.</span></p><p dir="ltr" class="s4aac3e05456a41e0b26c18b96cb3a022Statute"><span class="s4aac3e05456a41e0b26c18b96cb3a022DefaultParagraphFont">The name of a corporation formed pursuant to this chapter must contain the words, professional company or professional corporation or abbreviations thereof, such as Prof. Co., Prof. Corp., P.C., or PC.</span></p><p dir="ltr" class="s4aac3e05456a41e0b26c18b96cb3a022Statute"><span class="s4aac3e05456a41e0b26c18b96cb3a022DefaultParagraphFont">The name of a limited liability company formed under this chapter must contain the words, professional limited liability company, or the abbreviation, Prof. L.L.C., Prof. LLC, P.L.L.C., or PLLC.</span></p><p dir="ltr" class="s4aac3e05456a41e0b26c18b96cb3a022Normal"><span xml:space="preserve" class="s4aac3e05456a41e0b26c18b96cb3a022000000"> </span></p><p dir="ltr" class="s4aac3e05456a41e0b26c18b96cb3a022NoIndent"><span xml:space="preserve" class="s4aac3e05456a41e0b26c18b96cb3a022DefaultParagraphFont-000001">Source: </span><span class="s4aac3e05456a41e0b26c18b96cb3a022SCL">SL 2022, ch 167, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s182001b21d9047f5ab302ea637a3fc70Normal { 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.s182001b21d9047f5ab302ea637a3fc70SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s182001b21d9047f5ab302ea637a3fc70CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s182001b21d9047f5ab302ea637a3fc70Statute { 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.s182001b21d9047f5ab302ea637a3fc70DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s182001b21d9047f5ab302ea637a3fc70DefaultParagraphFont-000000 { background: #FFFFFF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s182001b21d9047f5ab302ea637a3fc70000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s182001b21d9047f5ab302ea637a3fc70NoIndent { text-indent: 0.00in; 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.s182001b21d9047f5ab302ea637a3fc70DefaultParagraphFont-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s182001b21d9047f5ab302ea637a3fc70SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Shareholders Requirements."><meta property="og:description" content="SDLRC Codified Law - Shareholders Requirements."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s182001b21d9047f5ab302ea637a3fc70Normal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-5" rel="noopener"><span class="s182001b21d9047f5ab302ea637a3fc70SENU">47-11G-5</span></a><span xml:space="preserve" class="s182001b21d9047f5ab302ea637a3fc70SENU">. </span><span class="s182001b21d9047f5ab302ea637a3fc70CL">Shareholders Requirements.</span></p><p dir="ltr" class="s182001b21d9047f5ab302ea637a3fc70Statute"><span class="s182001b21d9047f5ab302ea637a3fc70DefaultParagraphFont">All shareholders of a corporation formed pursuant to this chapter must be persons duly licensed by this state and actively engaged in the practice of physical therapy, occupational therapy, or speech-language pathology and must, at all times, own their shares in their own right.</span></p><p dir="ltr" class="s182001b21d9047f5ab302ea637a3fc70Statute"><span class="s182001b21d9047f5ab302ea637a3fc70DefaultParagraphFont-000000">A revocable trust may be a shareholder in a corporation organized under this chapter, for so long as the grantor of the revocable trust is living and is eligible to be a shareholder. After the death of the grantor, the shares owned by a revocable trust are subject to any divestiture and redemption provisions of this chapter, as if the shares were directly owned by the grantor of the trust.</span></p><p dir="ltr" class="s182001b21d9047f5ab302ea637a3fc70Statute"><span class="s182001b21d9047f5ab302ea637a3fc70DefaultParagraphFont">Any shareholder who ceases to be an eligible shareholder must dispose of all shares either to the corporation or to a person who is qualified to be a shareholder.</span></p><p dir="ltr" class="s182001b21d9047f5ab302ea637a3fc70Normal"><span xml:space="preserve" class="s182001b21d9047f5ab302ea637a3fc70000001"> </span></p><p dir="ltr" class="s182001b21d9047f5ab302ea637a3fc70NoIndent"><span xml:space="preserve" class="s182001b21d9047f5ab302ea637a3fc70DefaultParagraphFont-000002">Source: </span><span class="s182001b21d9047f5ab302ea637a3fc70SCL">SL 2022, ch 167, § 5.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s47f4b3b378fa4bceb9c37949d70ce6d4Normal { 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.s47f4b3b378fa4bceb9c37949d70ce6d4SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s47f4b3b378fa4bceb9c37949d70ce6d4CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s47f4b3b378fa4bceb9c37949d70ce6d4Statute { 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.s47f4b3b378fa4bceb9c37949d70ce6d4DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s47f4b3b378fa4bceb9c37949d70ce6d4000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s47f4b3b378fa4bceb9c37949d70ce6d4NoIndent { text-indent: 0.00in; 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.s47f4b3b378fa4bceb9c37949d70ce6d4DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s47f4b3b378fa4bceb9c37949d70ce6d4SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Directors and officers."><meta property="og:description" content="SDLRC Codified Law - Directors and officers."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s47f4b3b378fa4bceb9c37949d70ce6d4Normal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-6" rel="noopener"><span class="s47f4b3b378fa4bceb9c37949d70ce6d4SENU">47-11G-6</span></a><span xml:space="preserve" class="s47f4b3b378fa4bceb9c37949d70ce6d4SENU">. </span><span class="s47f4b3b378fa4bceb9c37949d70ce6d4CL">Directors and officers.</span></p><p dir="ltr" class="s47f4b3b378fa4bceb9c37949d70ce6d4Statute"><span xml:space="preserve" class="s47f4b3b378fa4bceb9c37949d70ce6d4DefaultParagraphFont">The president of a corporation formed pursuant to this chapter must be a shareholder and director. To the extent possible, all other directors and officers must be persons having the qualifications set forth in § </span><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-2" rel="noopener"><span class="s47f4b3b378fa4bceb9c37949d70ce6d4DefaultParagraphFont">47-11G-2</span></a><span class="s47f4b3b378fa4bceb9c37949d70ce6d4DefaultParagraphFont">. Lay directors and officers may not exercise any authority over professional matters.</span></p><p dir="ltr" class="s47f4b3b378fa4bceb9c37949d70ce6d4Normal"><span xml:space="preserve" class="s47f4b3b378fa4bceb9c37949d70ce6d4000000"> </span></p><p dir="ltr" class="s47f4b3b378fa4bceb9c37949d70ce6d4NoIndent"><span xml:space="preserve" class="s47f4b3b378fa4bceb9c37949d70ce6d4DefaultParagraphFont-000001">Source: </span><span class="s47f4b3b378fa4bceb9c37949d70ce6d4SCL">SL 2022, ch 167, § 6.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sa33eb8153c0f42a09360fb8748d2cad1Normal { 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.sa33eb8153c0f42a09360fb8748d2cad1SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa33eb8153c0f42a09360fb8748d2cad1CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sa33eb8153c0f42a09360fb8748d2cad1Statute { 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.sa33eb8153c0f42a09360fb8748d2cad1DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sa33eb8153c0f42a09360fb8748d2cad1000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sa33eb8153c0f42a09360fb8748d2cad1NoIndent { text-indent: 0.00in; 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.sa33eb8153c0f42a09360fb8748d2cad1DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa33eb8153c0f42a09360fb8748d2cad1SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Personal liability--Exception."><meta property="og:description" content="SDLRC Codified Law - Personal liability--Exception."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sa33eb8153c0f42a09360fb8748d2cad1Normal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-7" rel="noopener"><span class="sa33eb8153c0f42a09360fb8748d2cad1SENU">47-11G-7</span></a><span xml:space="preserve" class="sa33eb8153c0f42a09360fb8748d2cad1SENU">. </span><span class="sa33eb8153c0f42a09360fb8748d2cad1CL">Personal liability--Exception.</span></p><p dir="ltr" class="sa33eb8153c0f42a09360fb8748d2cad1Statute"><span class="sa33eb8153c0f42a09360fb8748d2cad1DefaultParagraphFont">An obligation of a corporation formed pursuant to this chapter, whether arising in contract, tort, or otherwise, is the obligation of the corporation and the individual whose act or omission gives rise to the obligation. No shareholder, director, officer, member, or manager is personally liable, directly or indirectly, by way of contribution or otherwise, for the obligation based solely on the person's capacity as a shareholder, director, officer, member, or manager.</span></p><p dir="ltr" class="sa33eb8153c0f42a09360fb8748d2cad1Statute"><span class="sa33eb8153c0f42a09360fb8748d2cad1DefaultParagraphFont">The limitation of liability does not extend to amounts owed to this state or its political subdivisions for any taxes, or any penalty or interest on such taxes.</span></p><p dir="ltr" class="sa33eb8153c0f42a09360fb8748d2cad1Normal"><span xml:space="preserve" class="sa33eb8153c0f42a09360fb8748d2cad1000000"> </span></p><p dir="ltr" class="sa33eb8153c0f42a09360fb8748d2cad1NoIndent"><span xml:space="preserve" class="sa33eb8153c0f42a09360fb8748d2cad1DefaultParagraphFont-000001">Source: </span><span class="sa33eb8153c0f42a09360fb8748d2cad1SCL">SL 2022, ch 167, § 7.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sb729ae823c99415a80c516301eab0900Normal { 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.sb729ae823c99415a80c516301eab0900SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb729ae823c99415a80c516301eab0900CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sb729ae823c99415a80c516301eab0900Statute { 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.sb729ae823c99415a80c516301eab0900DefaultParagraphFont { background: #FFFFFF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb729ae823c99415a80c516301eab0900000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sb729ae823c99415a80c516301eab0900NoIndent { text-indent: 0.00in; 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.sb729ae823c99415a80c516301eab0900DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb729ae823c99415a80c516301eab0900SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Articles of incorporation Shareholder and employee information."><meta property="og:description" content="SDLRC Codified Law - Articles of incorporation Shareholder and employee information."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sb729ae823c99415a80c516301eab0900Normal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-8" rel="noopener"><span class="sb729ae823c99415a80c516301eab0900SENU">47-11G-8</span></a><span xml:space="preserve" class="sb729ae823c99415a80c516301eab0900SENU">. </span><span class="sb729ae823c99415a80c516301eab0900CL">Articles of incorporation Shareholder and employee information.</span></p><p dir="ltr" class="sb729ae823c99415a80c516301eab0900Statute"><span class="sb729ae823c99415a80c516301eab0900DefaultParagraphFont">A copy of the articles of incorporation, certified by the secretary of state, must be filed with the licensing board of each shareholder, together with a certified copy of any amendments. The corporation shall also file the names and addresses of each shareholder and the names and addresses of all persons who are not shareholders but are employed by the corporation and licensed to practice physical therapy, occupational therapy, or speech-language pathology in this state.</span></p><p dir="ltr" class="sb729ae823c99415a80c516301eab0900Statute"><span class="sb729ae823c99415a80c516301eab0900DefaultParagraphFont">The respective licensing board must be notified within ten days if any information required by this section changes.</span></p><p dir="ltr" class="sb729ae823c99415a80c516301eab0900Normal"><span xml:space="preserve" class="sb729ae823c99415a80c516301eab0900000000"> </span></p><p dir="ltr" class="sb729ae823c99415a80c516301eab0900NoIndent"><span xml:space="preserve" class="sb729ae823c99415a80c516301eab0900DefaultParagraphFont-000001">Source: </span><span class="sb729ae823c99415a80c516301eab0900SCL">SL 2022, ch 167, § 8.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.scaa55a4610d644669544e5e6eb40db79Normal { 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.scaa55a4610d644669544e5e6eb40db79SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scaa55a4610d644669544e5e6eb40db79CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scaa55a4610d644669544e5e6eb40db79DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scaa55a4610d644669544e5e6eb40db79000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scaa55a4610d644669544e5e6eb40db79DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scaa55a4610d644669544e5e6eb40db79SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions."><meta property="og:description" content="SDLRC Codified Law - Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="scaa55a4610d644669544e5e6eb40db79Normal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-9" rel="noopener"><span class="scaa55a4610d644669544e5e6eb40db79SENU">47-11G-9</span></a><span xml:space="preserve" class="scaa55a4610d644669544e5e6eb40db79SENU">. </span><span class="scaa55a4610d644669544e5e6eb40db79CL">Pension profit sharing, health and accident insurance or welfare plan for employees--Restrictions.</span></p><p dir="ltr" class="scaa55a4610d644669544e5e6eb40db79Normal"><span class="scaa55a4610d644669544e5e6eb40db79DefaultParagraphFont">A corporation formed pursuant to this chapter may adopt a pension profit-sharing, a health and accident, an insurance, or a welfare plan for all or some of its employees, including lay employees, if the plan does not require or result in the sharing of specific or identifiable fees with lay employees, and if any payments made to lay employees or into any such plan on behalf of lay employees are based on their compensation, their length of service, or both, rather than the amount of fees or income received.</span></p><p dir="ltr" class="scaa55a4610d644669544e5e6eb40db79Normal"><span xml:space="preserve" class="scaa55a4610d644669544e5e6eb40db79000000"> </span></p><p dir="ltr" class="scaa55a4610d644669544e5e6eb40db79Normal"><span xml:space="preserve" class="scaa55a4610d644669544e5e6eb40db79DefaultParagraphFont-000001">Source: </span><span class="scaa55a4610d644669544e5e6eb40db79SCL">SL 2022, ch 167, § 9.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-11G - PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH-LANGUAGE PATHOLOGY CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sc4e9bd4a0fcf47b18bc9d49ac2b9968aNormal { 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.sc4e9bd4a0fcf47b18bc9d49ac2b9968aSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc4e9bd4a0fcf47b18bc9d49ac2b9968aCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sc4e9bd4a0fcf47b18bc9d49ac2b9968aStatute { 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.sc4e9bd4a0fcf47b18bc9d49ac2b9968aDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc4e9bd4a0fcf47b18bc9d49ac2b9968aDefaultParagraphFont-000000 { background: #FFFFFF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc4e9bd4a0fcf47b18bc9d49ac2b9968a000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sc4e9bd4a0fcf47b18bc9d49ac2b9968aNoIndent { text-indent: 0.00in; 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.sc4e9bd4a0fcf47b18bc9d49ac2b9968aDefaultParagraphFont-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc4e9bd4a0fcf47b18bc9d49ac2b9968aSCL { 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><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 47-11G-10 - Standards of professional conduct--Compliance--Discipline."><meta property="og:description" content="SDLRC Codified Law 47-11G-10 - Standards of professional conduct--Compliance--Discipline."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=47-11G-10"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aNormal"><a href="https://sdlegislature.gov/Statutes?Statute=47-11G-10" rel="noopener"><span class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aSENU">47-11G-10</span></a><span xml:space="preserve" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aSENU">. </span><span class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aCL">Standards of professional conduct--Compliance--Discipline.</span></p><p dir="ltr" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aStatute"><span class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aDefaultParagraphFont">The corporation may not do anything which, if done by a physical therapist, occupational therapist, or speech-language pathologist, would violate the standards of conduct established for those professions.</span></p><p dir="ltr" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aStatute"><span xml:space="preserve" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aDefaultParagraphFont-000000">Nothing in this chapter diminishes or changes the obligation of each </span><span class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aDefaultParagraphFont">physical therapist, occupational therapist, or speech-language pathologist</span><span xml:space="preserve" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aDefaultParagraphFont-000000"> to conduct his or her practice in accordance with the professional standards established by the respective licensing boards.</span></p><p dir="ltr" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aNormal"><span xml:space="preserve" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968a000001"> </span></p><p dir="ltr" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aNoIndent"><span xml:space="preserve" class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aDefaultParagraphFont-000002">Source: </span><span class="sc4e9bd4a0fcf47b18bc9d49ac2b9968aSCL">SL 2022, ch 167, § 10.</span></p></div></body></html>