Section 47-11D-3 - Certification of officers, directors and shareholders. - South Dakota Statutes

47-11D-3. Certification of officers, directors and shareholders. All of the officers, directors, and shareholders of a corporation created by this chapter shall at all times be persons certified pursuant to the provisions of chapter 36-4A. No person who is not so certified may 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 certified.

Source: SL 1993, ch 337, § 3.