South Dakota Codified Laws
Chapter 13A - Professional Corporations For The Practice Of Law
Section 47-13A-1 - Professional corporations for practice of law authorized--Limited liability company.

47-13A-1. Professional corporations for practice of law authorized--Limited liability company.
One or more lawyers licensed pursuant to chapter 16-16 may form professional service corporations for the practice of law under §§47-1A-101 to 47-1A-863.3, inclusive, §§47-1A-1401 to 47-1A-1440, inclusive, and §§47-1A-1601 to 47-1A-1621.3, inclusive, or may form limited liability companies under the South Dakota Limited Liability Company Act, providing that such corporations and limited liability companies are organized and operated in accordance with the provisions of this chapter. In any corporation formed under this chapter one or more persons may act as the sole stockholders, directors or officers of such corporation. However, any limited liability company formed under this chapter shall comply with the South Dakota Limited Liability Act, as amended.

Source: SL 1968, ch 10, §1; SL 1973, ch 283; SL 1993, ch 344, §39U; SL 2005, ch 202, §4.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 47 - Corporations

Chapter 13A - Professional Corporations For The Practice Of Law

Section 47-13A-1 - Professional corporations for practice of law authorized--Limited liability company.

Section 47-13A-1.1 - Definition of terms.

Section 47-13A-2 - Contents of articles of incorporation.

Section 47-13A-2.1 - Revocable trust as shareholder--Conditions.

Section 47-13A-2.2 - 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.

Section 47-13A-2.3 - Amendment of articles of incorporation to be consistent with law.

Section 47-13A-3 - Certified copy of articles and amendments filed with Supreme Court clerk.

Section 47-13A-4 - List of shareholders and employees filed with Supreme Court clerk.

Section 47-13A-5 - Corporation's violation of standards of professional conduct and rules of court prohibited--Compliance with standards and provisions of chapter.

Section 47-13A-6 - Violation as grounds for termination or suspension of right to practice law.

Section 47-13A-7 - Attorneys employed by corporation subject to standards of professional conduct--Personal liability.

Section 47-13A-8 - Attorney-client privilege unaffected.

Section 47-13A-9 - Adoption of pension, profit-sharing, and insurance plans authorized.

Section 47-13A-10 - Practice of law by corporations prohibited--Professional service corporations not deemed to be lay agencies.