Section 47-12-3 - Dental license required for officers, directors, and shareholders--Appointed secretary ortreasurer. - South Dakota Statutes

47-12-3. Dental license required for officers, directors, and shareholders--Appointed secretary or treasurer. All of the officers, directors, and shareholders of a corporation subject to this chapter shall at all times be persons licensed pursuant to the Dental Practice Act, provided, however, that should the corporation consist of no more than two shareholders, the duties of the secretary and/or the duties of the treasurer may be performed by an appointed person who is not licensed pursuant to the Dental Practice Act and in which event such appointed person and such office shall be entitled "appointed secretary" and/or "appointed treasurer" and such appointed person shall not be deemed to be an officer under the provisions of this chapter. No person who is not licensed pursuant to the Dental Practice Act shall have any part in the ownership, or control of such corporation, except as appointed secretary or appointed treasurer as herein provided, nor may any proxy to vote any shares of such corporation be given to a person who is not so licensed.

Source: SL 1963, ch 35, § 14; SL 1970, ch 255, § 3.