1446                             Laws of Maryland                        [Ch. 819

may have access to his examination answers during the ensuing
sixty days. A member in good standing of the bar of the highest
court of any State shall be deemed to have met the requirements in
commercial law without examination.

(c)  The Board may make such use as it may deem appropriate
of all or any part of the Uniform CPA Examinations and the Ad-
visory Grading Service offered by the American Institute of Certi-
fied Public Accountants, or such other assistance as it may from
time to time select to assist it in preparing and grading the exami-
nation, or in determining educational equivalences, and may accept
as final the determinations of any such assisting agency. The Board
may send the examination answers by mail or express to any grading
agency selected by it wherever located, and shall incur no respon-
sibility in case of destruction, loss or non-delivery of all or any of
such answers.

(d)   The Board may by regulation prescribe the terms and con-
ditions under which if at all a candidate who passes the examina-
tion in one or more of the subjects may be given credit therefor and
be reexamined in only the remaining subjects. It may also provide
by regulation for a reasonable waiting period, and for additional
preparation and other conditions for a candidate's reexamination
in subjects he has failed. Subject to the foregoing a candidate shall
be entitled to any number of reexaminations.

(e)    The Board shall charge each candidate a fee to be deter-
mined by the Board not in excess of $50.00 for his initial examina-
tion. A fee for reexamination or subsequent examination shall also
be charged by the Board in an amount determined by it not in ex-
cess of $50.00 for each examination in all subjects, and in such
smaller amount for each examination in less than all subjects as the
Board may establish by regulation. The applicable fee shall in each
case accompany the candidate's examination application.

5.

(a) The Board may in its discretion waive the examination and
issue by reciprocity a certificate as a certified public accountant of
Maryland upon being satisfied that:

(1)   The applicant is and has been a resident of Maryland con-
tinuously for at least one year; or is a general partner in a partner-
ship registered or about to be registered under Section 6 and intends
to participate in or supervise the partnership's public accounting
practice in Maryland as a member of such partnership;

(2)   He has the qualifications specified in Sections 2 (a) (1),
(3) and (4) and meets the requirements in Section 3 in effect when
his application for such reciprocal certificate is filed;

(3)   He holds a certificate as a certified public accountant then
in full force and effect issued under the laws of any State, or a
certificate, license or degree then in full force and effect in a for-
eign country constituting a recognized qualification for the practice
of public accounting therein comparable to that of a certified public
accountant of Maryland; and