58-39-1. Incorporators, number required--Purpose of incorporation.
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/sd/title-58/chapter-58-39/58-39-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Five or more natural persons of full age and of either sex, all of whom are residents of this state and citizens of the United States, may form, under the provisions of the law of this state relating to benevolent corporations, so far as those provisions are applicable and are not inconsistent with the provisions of this chapter a nonprofit dental service corporation for the purpose of establishing and operating a nonprofit dental service plan whereby dental service may be provided at the expense of said corporation by duly licensed dentists to such of the public as become subscribers to said corporation under a contract which entitles each subscriber to dental care.
Such corporation shall be governed by this chapter and shall be subject to regulation and supervision by the director as hereinafter provided.