58-39-1. Incorporators, number required--Purpose of incorporation.
Five or more natural persons of full age and of either sex, all of whom are residents of this state and citizens of the United States, may form, under the provisions of the law of this state relating to benevolent corporations, so far as those provisions are applicable and are not inconsistent with the provisions of this chapter a nonprofit dental service corporation for the purpose of establishing and operating a nonprofit dental service plan whereby dental service may be provided at the expense of said corporation by duly licensed dentists to such of the public as become subscribers to said corporation under a contract which entitles each subscriber to dental care. Such corporation shall be governed by this chapter and shall be subject to regulation and supervision by the director as hereinafter provided.
Source: SL 1966, ch 111, ch 30, ยง2.
Structure South Dakota Codified Laws
Chapter 39 - Nonprofit Dental Service Plans
Section 58-39-1 - Incorporators, number required--Purpose of incorporation.
Section 58-39-3 - Members and directors.
Section 58-39-4 - Board of directors--Minimum number--Qualifications--Selection--Term of office.
Section 58-39-5 - License to issue contracts required--Violation as misdemeanor.
Section 58-39-6 - Application for license--Form and contents--Documents accompanying.
Section 58-39-7 - Issuance of license--Matters considered by director.
Section 58-39-8 - Contracts with subscribers--Rates charged for services--Approval by director.
Section 58-39-9 - Care provided by noncontracting dentist--Contracting dentist unavailable.
Section 58-39-10 - Practice of dentistry not authorized by chapter.
Section 58-39-11 - Expenses of acquisition and administration--Control by director.
Section 58-39-12 - Permitted investments.
Section 58-39-13 - Foreign corporation--Transaction of business in state.
Section 58-39-14 - Annual statement of financial condition--Filing--Verification--Form and contents.
Section 58-39-15 - Investigation and examination by director--Cost borne by corporation .
Section 58-39-16 - Exemption from other insurance laws, exceptions--Fees and taxation as insurers.
Section 58-39-16.1 - Assignment of benefits provisions applicable.