47-13B-3. Powers exercised only for authorized purpose--Incompatible services prohibited.
The corporation may exercise the powers and privileges conferred upon corporations by the laws of the State of South Dakota only in furtherance of and subject to its corporate purpose, the practice of accountancy in the State of South Dakota, and shall not provide services that are incompatible with the practice of public accountancy.
Source: SL 1971, ch 260, ยง1 (3).
Structure South Dakota Codified Laws
Chapter 13B - Professional Corporations For The Practice Of Public Accounting
Section 47-13B-1 - Formation of corporations or limited liability companies authorized.
Section 47-13B-1.1 - Definition of terms.
Section 47-13B-2 - Purpose of corporation.
Section 47-13B-3 - Powers exercised only for authorized purpose--Incompatible services prohibited.
Section 47-13B-4 - Corporate name.
Section 47-13B-5.1 - Revocable trust as shareholder--Conditions.
Section 47-13B-6 - Disposition of shares held by person no longer qualified.
Section 47-13B-12.2 - Amendment of articles of incorporation to be consistent with law.
Section 47-13B-14 - Restrictions on corporate practice of accounting.
Section 47-13B-15 - Pension and insurance plans for employees.