{"data":{"id":"us-sd/sdcl-47-13b-7","jurisdiction":"us-sd","citation":"SDCL § 47-13B-7","heading":"Qualifications of directors and officers--Restrictions on powers of lay directors and officers.","body":"The principal executive officer shall be a shareholder and a director and, to the extent possible, all other directors and principal officers shall be shareholders, and lay directors and officers shall not exercise any authority whatsoever over professional matters.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-13B. PROFESSIONAL CORPORATIONS FOR THE PRACTICE OF PUBLIC ACCOUNTING"],"source_url":"https://sdlegislature.gov/Statutes/47-13B-7","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"f2eb4984bfe00e8f8bb0442c6ef391d98b2b7a4181a87df481ef1c441129643a","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-13b-6","next":"us-sd/sdcl-47-13b-8"},"notice":"GroundRules: Original legal text. Not legal advice."}