2007 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.
History: 2001 c 109 art 1 s 16