47-11A-7. Qualifications of president, directors, and officers.The president of a corporation formed under §47-11A-1 shall be a shareholder and a director, and to the extent possible all other directors and officers shall be persons having the qualifications prescribed in §47-11A-5. Lay directors and officers shall not exercise any authority whatsoever over professional matters. Source: SL 1970, ch 258, §1 (6).
South Dakota Legal Code