47-11B-1. Optometric corporations and liability companies authorized. One or more optometrists may form professional service corporations for the practice of optometry under the South Dakota Business Corporation Act, as amended, providing that such corporations are organized and operated in accordance with the provisions of this chapter. Optometrists may form a limited liability company for the […]
47-11B-1.1. Definition of terms. Terms used in this chapter mean: (1)”Articles of incorporation,” includes the articles of organization of a limited liability company; (2)”Corporation,” both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act; (3)”Director” or “officer,” includes any manager of a limited liability […]
47-11B-10. Posting of certificate. The certificate of registration issued pursuant to §47-11B-8 shall be conspicuously posted upon the premises to which it is applicable. Source: SL 1972, ch 249, §10.
47-11B-11. Change of location of corporation–Certificate amended. In the event of a change of location of the registered corporation, the Board of Examiners in Optometry, in accordance with its regulations, shall amend the certificate of registration so that it shall comply to the new location. Source: SL 1972, ch 249, §11.
47-11B-12. Certificate not assignable. No certificate of registration issued under this chapter shall be assignable. Source: SL 1972, ch 249, §12.
47-11B-13. Annual renewal of certificate–Conditions. Upon written application of the holder, accompanied by a fee of ten dollars, the Board of Examiners in Optometry shall annually renew the certificate of registration, if the board finds that the corporation has complied with its regulations and the provisions of this chapter. Source: SL 1972, ch 249, §13.
47-11B-14. Suspension or revocation of certificate–Grounds. The Board of Examiners in Optometry may suspend or revoke any certificate of registration issued under this chapter for any of the following reasons: (1)The revocation or suspension of the registration to practice optometry of any officer, director, shareholder, or employee not promptly removed or discharged by the corporation; […]
47-11B-15. Suspension or revocation of certificate–Applicable procedure. Any proceedings undertaken by the Board of Examiners in Optometry for the revocation or suspension of a certificate of registration shall be deemed a contested case under the provisions of chapter 1-26. Source: SL 1972, ch 249, §15.
47-11B-16. Relationship with patient unchanged. This chapter does not alter any law applicable to the relationship between an optometrist furnishing professional services and a person receiving such service, including liability arising out of such service. Source: SL 1972, ch 249, §16.
47-11B-2. Corporate name–Ethical standards. The corporate name shall contain the words “professional company” or “professional corporation” or abbreviations thereof, such as “Prof. Co.”, “Prof. Corp.”, “P.C.”, “PC”, or “Prof. Ltd.” The name of a professional limited liability company shall contain the words “professional limited liability company” or the abbreviation “Prof. L.L.C.”, “Prof. LLC”, “P.L.L.C.”, or […]
47-11B-21.1. Personal liability of shareholders, directors, and officers of professional corporations or members or managers of limited liability companies limited for corporate or individual obligations–Exception. An obligation of a professional corporation or limited liability company formed pursuant to chapter 47-11A, 47-11B, 47-11C, 47-11D, 47-11E, 47-13A, or 47-13B, whether arising in contract, tort, or otherwise, is […]
47-11B-21.2. Amendment of articles of incorporation to be consistent with law. Any professional corporation or limited liability company may amend its articles of incorporation to be consistent with SL 2005, ch 240. Source: SL 2005, ch 240, §2.
47-11B-22. Pension and insurance plans for employees–Restrictions on terms. A corporation formed pursuant to the provisions of this chapter, may adopt a pension, profit sharing (whether cash or deferred), health and accident, insurance, or welfare plan for all or part of its employees, including lay employees, providing that such plan does not require or result […]
47-11B-23. Regulations issued by state board. The State Board of Examiners in Optometry shall have power to issue from time to time such regulations as they consider necessary to carry out the provisions of this chapter. Source: SL 1972, ch 249, §23.
47-11B-3. Optometric license required for officers, directors and shareholders. All of the officers, directors, and shareholders of a corporation created by this chapter shall at all times be persons registered pursuant to the provisions of chapter 36-7. No person who is not so licensed shall have any part in the ownership or control of such […]
47-11B-3.1. Revocable trust as shareholder–Conditions. Notwithstanding any other provisions of this chapter, a revocable trust may be a shareholder in a corporation or limited liability company organized under this chapter, for so long as the grantor of the revocable trust is living and is eligible to be a shareholder of a corporation organized under this […]
47-11B-4. Purchase at book value of shares of deceased or ineligible shareholder. If the articles of incorporation or bylaws of a corporation subject to this chapter fail to state a price or method of determining a fixed price at which the corporation or its shareholders may purchase the shares of a deceased shareholder or shareholder […]
47-11B-5. Contracts for personal services with licensed optometrists. Notwithstanding any provision of statute to the contrary, any corporation formed pursuant to this chapter may enter into contracts for personal services with persons registered pursuant to chapter 36-7 for such duration as is agreed to between the parties and persons so registered may enter into contracts […]
47-11B-6. Professional services limited to licensed agents. A corporation formed pursuant to this chapter may render professional services only through its officers, employees, and agents who are duly registered to render such professional services under the provisions of chapter 36-7; provided, however, this section shall not be interpreted to include in the term “employee,” as […]
47-11B-7. Licensed employees subject to discipline under practice act. Each individual employee registered pursuant to chapter 36-7 who is employed by a corporation subject to this chapter shall remain subject to reprimand or discipline for his conduct under the provisions of chapter 36-7. Source: SL 1972, ch 249, §7.
