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.
South Dakota Legal Code