2001 Minnesota Statutes

     326A.14 Substantial equivalency. 

    Subdivision 1.    Requirements.  (a) An individual whose 
 principal place of business is not in this state and who has a 
 valid certificate or license as a certified public accountant 
 from any state which, upon verification, is in substantial 
 equivalence with the certified public accountant licensure 
 requirements of this chapter shall be presumed to have 
 qualifications substantially equivalent to this state's 
 requirements and shall have all the privileges of certificate 
 holders and licensees of this state without the need to obtain a 
 certificate or permit.  However, such individuals shall notify 
 the board of their intent to enter the state under this 
 provision as provided for in board rule and pay the required fee.

    (b) An individual whose principal place of business is not 
 in this state and who has a valid certificate or license as a 
 certified public accountant from any state whose certified 
 public accountant licensure qualifications, upon verification, 
 are not substantially equivalent with the licensure requirements 
 of this chapter shall be presumed to have qualifications 
 substantially equivalent to this state's requirements and shall 
 have all the privileges of certificate holders and licensees of 
 this state without the need to obtain a certificate or permit if 
 the individual obtains verification, as specified in board rule, 
 that the individual's qualifications are substantially 
 equivalent to the licensure requirements of this chapter.  Such 
 individuals shall notify the board of their intent to enter the 
 state under this provision as provided for in board rule and pay 
 the required fee. 

    (c) Any licensee of another state exercising the privilege 
 afforded under this section consents, as a condition of the 
 grant of this privilege: 

    (1) to the personal and subject matter jurisdiction and 
 disciplinary authority of the board; 

    (2) to comply with this chapter and the board's rules; and 

    (3) to the appointment of the state board that issued the 
 license as the licensee's agent upon whom process may be served 
 in any action or proceeding by this board against the licensee.  

    Subd. 2.    Use of title in another state.  A licensee 
 of this state offering or rendering services or using the CPA 
 title in another state is subject to the same disciplinary 
 action in this state for which the licensee would be subject to 
 discipline for an act committed in the other state.  The board 
 shall investigate any complaint made by the board of accountancy 
 of another state. 

    HIST: 2001 c 109 art 1 s 16 

*   NOTE:  This section, as added by Laws 2001, chapter 109, 
*article 1, section 16, is effective January 1, 2003.  Laws 2001, 
*chapter 109, article 1, section 19.