Ch. 3

LAWS OF MARYLAND

(C)  RESIDENT OFFICE.
THE CORPORATION SHALL:

(1)  HAVE A PERMANENT OFFICE IN THE STATE FROM WHICH
AN INDIVIDUAL IS TO PRACTICE CERTIFIED PUBLIC ACCOUNTANCY; OR

(2)  SUBMIT PROOF, SATISFACTORY TO THE BOARD, OF THE
INTENT OF THE CORPORATION TO ESTABLISH IMMEDIATELY A PERMANENT
OFFICE.

(D)  MANAGEMENT BY RESIDENT STOCKHOLDER.

EACH PERMANENT OFFICE REQUIRED UNDER SUBSECTION (C) OF THIS
SECTION SHALL BE MANAGED BY A STOCKHOLDER OF THE CORPORATION WHO
RESIDES IN THE STATE.

REVISOR'S NOTE: This section formerly appeared as Art. 75A,
§ 2-403.

In subsection (b) of this section, the former specific
cross-reference to Title 5, Subtitle 1 of the
Corporations and Associations Article is deleted as
unnecessary in light of the use of the short title, as
provided in CA § 5-122.

The only other changes are in style.

Defined terms: "Board" § 2-101

"Permit" § 2-101

"Practice certified public accountancy" § 2-101

2-404. APPLICATIONS FOR PERMITS.

(A)   IN GENERAL.

AN APPLICANT FOR A PERMIT SHALL:

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

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

(B)  CONTENTS OF APPLICATION FORM.

IN ADDITION TO ANY OTHER INFORMATION REQUIRED ON AN
APPLICATION FORM, THE FORM SHALL REQUIRE:

(1) FOR A PARTNERSHIP APPLICANT, A LIST OF EACH
PARTNER WHO PRACTICES OR WHO INTENDS TO PRACTICE CERTIFIED PUBLIC
ACCOUNTANCY IN THE STATE; AND

- 60 -