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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 11E - Nursing Corporations > Section 47-11E-7 - Qualifications of president, directors and officers.

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SOUTH DAKOTA STATUTES AND CODES

Section 47-11E-7 - Qualifications of president, directors and officers.

47-11E-7. Qualifications of president, directors and officers. The president of a corporation formed pursuant to § 47-11E-1 shall be a shareholder and director; and, to the extent possible, all other directors and officers shall be persons having the qualifications prescribed in § 47-11E-5. Lay directors and officers may not exercise any authority whatsoever over professional matters.

Source: SL 1996, ch 228, § 7.

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