§ 47-13B-1 Formation of corporations or limited liability companies authorized
§ 47-13B-1.1 Definition of terms
§ 47-13B-2 Purpose of corporation
§ 47-13B-3 Powers exercised only for authorized purpose–Incompatible services prohibited
§ 47-13B-4 Corporate name
§ 47-13B-5.1 Revocable trust as shareholder–Conditions
§ 47-13B-6 Disposition of shares held by person no longer qualified
§ 47-13B-7 Qualifications of directors and officers–Restrictions on powers of lay directors and officers
§ 47-13B-12.1 Personal liability of shareholders, directors, and officers of professional corporations or members or managers of limited liability companies limited for corporate or individual obligations–Exception
§ 47-13B-12.2 Amendment of articles of incorporation to be consistent with law
§ 47-13B-12.3 Application of repealed provisions to acts, errors, or omissions occurring before July 1, 2005
§ 47-13B-13 Articles of incorporation filed with board of accountancy–List of shareholders and professional employees–Notice of changes
§ 47-13B-14 Restrictions on corporate practice of accounting
§ 47-13B-15 Pension and insurance plans for employees
§ 47-13B-16 Corporation held to professional standards of conduct–Violation as ground for suspension or revocation of professional certificate
§ 47-13B-17 Professional obligations unchanged by incorporation–Personal responsibility for corporate acts in violation
§ 47-13B-18 Accountant-client privileges unchanged

Terms Used In South Dakota Codified Laws > Title 47 > Chapter 13B - Professional Corporations for the Practice of Public Accounting

  • Articles of incorporation: includes the articles of organization of a limited liability company. See South Dakota Codified Laws 47-13B-1.1
  • Contract: A legal written agreement that becomes binding when signed.
  • 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 members of a limited liability company. See South Dakota Codified Laws 47-13B-1.1
  • 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 47-13B-1.1
  • 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 47-13B-1.1
  • 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.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2