South Dakota Codified Laws
Chapter 13A - Professional Corporations For The Practice Of Law
Section 47-13A-1.1 - Definition of terms.

47-13A-1.1. Definition of terms.
Terms used in this chapter mean:
(1)"Articles of incorporation," includes the articles of organization of a limited liability company;
(2)"Corporation," both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act;
(3)"Director" or "officer," includes any manager of a limited liability company or the members of a limited liability company that does not have managers;
(4)"Incorporation," includes the members of a limited liability company;
(5)"Shareholders," includes the members of a limited liability company;
(6)"Shares" or "stock," includes membership interests in a limited liability company.

Source: SL 1993, ch 344, ยง39V.

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.