47-12-3.1. Revocable trust as shareholder, member, or partner--Conditions.
Notwithstanding any other provisions of this chapter, a revocable trust may be a shareholder in a corporation, a member in a limited liability company, or a partner in a limited partnership, a limited liability limited partnership, or a limited liability partnership subject to this chapter, for so long as the grantor of the revocable trust is living and is a licensed dentist pursuant to chapter 36-6A.
Source: SL 2002, ch 205, §7; SL 2017, ch 194, §5.
Structure South Dakota Codified Laws
Chapter 12 - Dental Corporations
Section 47-12-1 - Dentists authorized to form business entities.
Section 47-12-3 - Only dentists or qualified entities to have ownership or control of entity.
Section 47-12-3.1 - Revocable trust as shareholder, member, or partner--Conditions.
Section 47-12-7 - Certificate of registration required--Unprofessional or dishonorable conduct.
Section 47-12-12 - Annual renewal of certificate--Conditions.
Section 47-12-14 - Hearings--Appeal.
Section 47-12-17 - Dentist-patient relationship unaffected.
Section 47-12-19 - Severability and saving clause.