2001 Minnesota Statutes

     326.18 Board, duties, officers, rules, examinations. 

    Subdivision 1.    Members and officers.  A majority of 
 the qualified members of the board constitutes a quorum.  The 
 board shall elect one of its number as chair, another as 
 vice-chair, and another as secretary and treasurer, who shall 
 hold their respective offices for a term of one year and until 
 their successors are elected.  The affirmative vote of a 
 majority of the qualified members of the board is considered the 
 action of the board.  

    Subd. 2.    Duties.  The board shall enforce the 
 standard of general education, the standard of special education 
 in the science and art of accounting, and the standard of good 
 character and general public experience, as prescribed in 
 sections 326.165 to 326.229, in all examinations conducted 
 thereunder.  

    Subd. 3.    Rules.  The board shall make rules to govern 
 administration of the board, examinations, issuance of 
 certificates, licensing, professional conduct and discipline, 
 continuing education, fees, and practice monitoring. 

    Subd. 4.    Examination.  The board may make use of all 
 or any part of the uniform certified public accountant 
 examination and advisory grading service provided by the 
 American Institute of Certified Public Accountants if it deems 
 it appropriate to assist it in performing its duties.  These 
 examinations shall be conducted by the board.  The examinations 
 shall take place as often as may be convenient in the opinion of 
 the board.  

    Subd. 5.    Records, certificates, and licenses.  (a) 
 The board shall keep records of its proceedings, an accurate 
 list of all applications made, licenses and certificates issued, 
 and licenses and certificates disciplined pursuant to section 
 326.229, and shall keep proper financial records in which there 
 shall be entered a complete statement of the cash receipts and 
 disbursements.  All records of the board shall be subject to 
 chapter 13. 

    (b) The board shall issue to each person who satisfies the 
 examination requirements of section 326.19, subdivision 1, a 
 certified public accountant certificate and shall maintain a 
 record of that issuance.  The board shall issue a license as a 
 certified public accountant to each holder of a certified public 
 accountant certificate who satisfies the experience requirements 
 for a license as a certified public accountant or to a person 
 who has been issued a certified public accountant certificate 
 under section 326.19, subdivision 3.  The board shall maintain a 
 record of the issuance.  It shall adopt and provide itself with 
 a seal with a band inscribed "Certified Public Accountant, State 
 of Minnesota," with the coat of arms of Minnesota in the center, 
 which seal shall be affixed to each certificate of the certified 
 public accountant issued under sections 326.165 to 326.229. 

    (c) The board shall issue to each person who qualifies for 
 a license under sections 326.165 to 326.229 as a licensed public 
 accountant a certificate as a licensed public accountant and 
 shall maintain a record of that issuance.  It shall adopt and 
 provide itself with a seal with a band inscribed "Licensed 
 Public Accountant, State of Minnesota," with the coat of arms of 
 Minnesota in the center, which seal shall be affixed to each 
 certificate of the licensed public accountant issued under 
 sections 326.165 to 326.229.  

    HIST: (5699) 1909 c 439 s 2; 1955 c 847 s 24; 1959 c 269 s 2; 
 1963 c 145 s 2; 1971 c 811 s 1; 1973 c 638 s 47; 1975 c 136 s 
 60; 1976 c 222 s 161; 1979 c 326 s 3,15; 1980 c 591 s 4; 1981 c 
 12 s 1; 1984 c 543 s 19; 1985 c 248 s 70; 1986 c 444; 1992 c 542 
 s 4; 1998 c 340 s 3 

*   NOTE:  This section is repealed by Laws 2001, chapter 109, article 
*1, section 18, effective January 1, 2003.  Laws 2001, chapter 109, 
*article 1, section 19.