§ 47-11G-1 Definition of terms
§ 47-11G-2 Professional service corporations and limited liability companies for physical, occupational, and speech-language pathologists
§ 47-11G-3 Formation of corporation–Powers and privileges
§ 47-11G-4 Name of corporation or limited liability company
§ 47-11G-5 Shareholders–Requirements
§ 47-11G-6 Directors and officers
§ 47-11G-7 Personal liability–Exception
§ 47-11G-8 Articles of incorporation–Shareholder and employee information
§ 47-11G-9 Pension profit sharing, health and accident insurance or welfare plan for employees–Restrictions
§ 47-11G-10 Standards of professional conduct–Compliance–Discipline

Terms Used In South Dakota Codified Laws > Title 47 > Chapter 11G - Physical Therapy, Occupational Therapy, and Speech-Language Pathology Corporations

  • Articles of incorporation: includes the articles of organization of a limited liability company. See South Dakota Codified Laws 47-11G-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: includes both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act. See South Dakota Codified Laws 47-11G-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.
  • Grantor: The person who establishes a trust and places property into it.
  • Incorporation: includes the organization of a limited liability company. See South Dakota Codified Laws 47-11G-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • officer: includes any manager of a limited liability company or the members of a limited liability company that does not have managers. See South Dakota Codified Laws 47-11G-1
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
  • Shareholders: includes the members of a limited liability company. See South Dakota Codified Laws 47-11G-1
  • Shares: includes membership interests in a limited liability company. See South Dakota Codified Laws 47-11G-1
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.