An individual licensee may not engage in the practice of accountancy in a firm holding a permit under this article using a professional or firm name or designation that is misleading about:

1. (1) the legal form of the firm;
2. (2) the individuals who are partners, members, officers, or shareholders of the firm; or

3. (3) any other matter.

   However, the names of former partners or shareholders may be included in the name of a firm or a firm's successor.

As added by P.L.30-1993, SEC.7. Amended by P.L.128-2001, SEC.49.