37-50-333. Partnership composed of public accountants -- registration. (1) A partnership engaged in this state in the practice of public accounting must register with the department as a partnership of licensed public accountants, provided it meets the following requirements:
     (a) At least one general partner must be a certified public accountant or a licensed public accountant of this state in good standing and a holder of a permit issued under 37-50-314 which is in effect.
     (b) Each partner personally engaged in this state in the practice of public accounting must be a certified public accountant or a licensed public accountant of this state in good standing and a holder of a permit issued under 37-50-314 which is in effect.
     (c) Each local manager in charge of an office or a firm in this state must be a certified public accountant or a licensed public accountant of this state in good standing and a holder of a permit issued under 37-50-314 which is in effect.
     (2) Application for registration must be made on the affidavit of a general partner of the partnership who holds a permit to practice in this state as a certified public accountant or as a licensed public accountant. The board shall in each case determine whether the applicant is eligible for registration. A partnership which is registered may use the words "public accountants" in connection with its partnership name. Notification shall be given the department within 1 month after the admission to or withdrawal of a partner from a partnership so registered.

     History: En. Sec. 19, Ch. 118, L. 1969; amd. Sec. 172, Ch. 350, L. 1974; R.C.M. 1947, 66-1831; amd. Sec. 18, Ch. 684, L. 1979; amd. Sec. 16, Ch. 335, L. 1983.