South Dakota Codified Laws 47-11F-14. Exercise of powers accorded by governing law–Conditions
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A professional corporation may exercise any powers accorded it by its generally applicable governing law, so long as the professional corporation exercises those powers solely to provide the pertinent professional services or to accomplish tasks ancillary to providing those services.
Terms Used In South Dakota Codified Laws 47-11F-14
- 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 2000, ch 219, § 14.