WILLIAM DONALD SCHAEFER, Governor

Ch. 3

(2) FOR A CORPORATE APPLICANT, A LIST OF ALL OF THE
SHAREHOLDERS OF THE CORPORATION.

REVISOR'S NOTE: This section formerly appeared as Art. 75A,
§ 2-404.

In subsection (b)(1) of this section, the reference to
practicing or intending to practice "certified public
accountancy" is substituted for the former reference
to practicing "accountancy", since the jurisdiction of
the Board extends only to practicing certified public
accountancy.

The only other changes are in style.

Defined terms: "Board" § 2-101

"Permit" § 2-101

"Practice certified public accountancy" § 2-101

2-405. ISSUANCE OF PERMIT.

(A)  NOTICE TO QUALIFIED APPLICANTS.

IF AN APPLICANT QUALIFIES FOR A PERMIT UNDER THIS SUBTITLE,
THE BOARD SHALL SEND THE APPLICANT A NOTICE THAT STATES THAT:

(1)  THE APPLICANT HAS QUALIFIED FOR A PERMIT; AND

(2)  ON RECEIPT OF A $25 PERMIT FEE, THE BOARD WILL
ISSUE A PERMIT TO THE APPLICANT.

(B)   ISSUANCE.

ON PAYMENT OF THE PERMIT FEE, THE BOARD SHALL ISSUE A PERMIT
TO EACH APPLICANT THAT MEETS THE REQUIREMENTS OF THIS SUBTITLE.

REVISOR'S NOTE: This section formerly appeared as Art. 75A,
§ 2-405.

The only changes are in style.

Defined terms: "Board" § 2-101
"Permit" § 2-101

2-406. SCOPE OF PERMIT.

(A) IN GENERAL.

SUBJECT TO SUBSECTION (B) OF THIS SECTION AND WHILE A PERMIT
IS IN EFFECT, IT AUTHORIZES THE HOLDER TO:

(1) OPERATE A BUSINESS THROUGH WHICH AN INDIVIDUAL
PRACTICES CERTIFIED PUBLIC ACCOUNTANCY; AND

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