South Dakota Codified Laws 47-11A-1. Formation of corporation and limited liability company authorized
One or more chiropractors may form professional service corporations for the practice of chiropractic 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. The articles of incorporation of such corporations shall contain provisions complying with the requirements of §§ 47-11A-1 to 47-11A-12, inclusive.
Chiropractors may form professional limited liability companies 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. The articles of organization of such limited liability companies shall contain provisions complying with the requirements of §§ 47-11A-1 to 47-11A-12, inclusive.
Terms Used In South Dakota Codified Laws 47-11A-1
- Articles of incorporation: includes the articles of organization of a limited liability company. See South Dakota Codified Laws 47-11A-1.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 1970, ch 258, § 1; SL 1993, ch 344, § 39D.