Ch. 22

LAWS OF MARYLAND

(3) THE REQUIREMENTS OF SUBSECTIONS (C) OF THIS
SECTION ARE MET.

(B)  THE BOARD MAY ISSUE A LIMITED PERMIT FOR THE PRACTICE
OF CERTIFIED PUBLIC ACCOUNTANCY ON A SPECIFIC JOB TO A
CORPORATION IF:

(1)  EACH SHAREHOLDER IS LICENSED TO PRACTICE
CERTIFIED PUBLIC ACCOUNTANCY IN THIS OR ANOTHER STATE OR IN A
FOREIGN COUNTRY;

(2)  EACH SHAREHOLDER WHO PRACTICES OR INTENDS TO
PRACTICE ACCOUNTANCY IN THIS STATE IS LICENSED BY THE BOARD UNDER
§ 2-309 OR § 2-321 OF THIS TITLE; AND

(3)  THE REQUIREMENTS OF SUBSECTION (C) OF THIS
SECTION ARE MET.

(C)   IN ORDER TO QUALIFY FOR A LIMITED PERMIT UNDER THIS
SECTION A CORPORATION OR PARTNERSHIP SHALL:

(1)  NOT HAVE A PLACE OF BUSINESS IN THIS STATE;

(2)  SUBMIT TO THE BOARD AN APPLICATION ON THE FORM
THAT THE BOARD PROVIDES; AND

(3)  PAY TO THE BOARD AN APPLICATION FEE OF $25.

(D)  A LIMITED PERMIT AUTHORIZES THE PARTNERSHIP OR
CORPORATION TO CONDUCT A BUSINESS THROUGH WHICH CERTIFIED PUBLIC
ACCOUNTANCY IS PRACTICED ONLY FOR THE SPECIFIC JOB FOR WHICH IT
WAS ISSUED, AS SET FORTH BY THE BOARD.

(E)  (1) THE BOARD SHALL SET THE TERM FOR EACH LIMITED
PERMIT ISSUED UNDER THIS SECTION.

(2)  THE TERM FOR A LIMITED PERMIT MAY NOT BE SET FOR
MORE THAN 1 YEAR AND MAY NOT EXCEED THE TERM OF A LIMITED LICENSE
HELD BY A PARTNER OR SHAREHOLDER FOR THE JOB IN QUESTION.

(3)  A LIMITED PERMIT BECOMES EFFECTIVE AND EXPIRES ON
THE DATES SET BY THE BOARD.

(F)  SUBJECT TO THE HEARING PROVISIONS OF § 2-412 OF THIS
TITLE, THE BOARD MAY DENY OR REVOKE A LIMITED PERMIT FOR ANY
GROUND AS MAY BE APPLICABLE UNDER § 2-410 OF THIS TITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Business Occupations

2-301.

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