South Dakota Codified Laws > Title 47 > Chapter 11G – Physical Therapy, Occupational Therapy, and Speech-Language Pathology Corporations


§ 47-11G-1	Definition of terms
§ 47-11G-2	Professional service corporations and limited liability companies for physical, occupational, and speech-language pathologists
§ 47-11G-3	Formation of corporation–Powers and privileges
§ 47-11G-4	Name of corporation or limited liability company
§ 47-11G-5	Shareholders–Requirements
§ 47-11G-6	Directors and officers
§ 47-11G-7	Personal liability–Exception
§ 47-11G-8	Articles of incorporation–Shareholder and employee information
§ 47-11G-9	Pension profit sharing, health and accident insurance or welfare plan for employees–Restrictions
§ 47-11G-10	Standards of professional conduct–Compliance–Discipline

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Terms Used In South Dakota Codified Laws > Title 47 > Chapter 11G - Physical Therapy, Occupational Therapy, and Speech-Language Pathology Corporations

Articles of incorporation: includes the articles of organization of a limited liability company. See South Dakota Codified Laws 47-11G-1
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Corporation: includes both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act. See South Dakota Codified Laws 47-11G-1
Grantor: The person who establishes a trust and places property into it.
Incorporation: includes the organization of a limited liability company. See South Dakota Codified Laws 47-11G-1
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
officer: includes any manager of a limited liability company or the members of a limited liability company that does not have managers. See South Dakota Codified Laws 47-11G-1
Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
Shareholders: includes the members of a limited liability company. See South Dakota Codified Laws 47-11G-1
Shares: includes membership interests in a limited liability company. See South Dakota Codified Laws 47-11G-1
Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.