All of the officers, directors, and shareholders of a corporation subject to this chapter shall at all times be persons licensed pursuant to the Medical Practice Act. No person who is not so licensed shall have any part in the ownership or control of such corporation, nor may any proxy to vote any shares of such corporation be given to a person who is not so licensed.
S.D. Codified Laws § 47-11-3
Medical license required for all officers, directors, and shareholders
Known as the The Medical Corporation Act
The act spans §§ 47–47 (23 sections).
Source: SL 1961, ch 29, § 14; SL 1963, ch 34, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.