1. (A) Licenses must be issued by the board to persons satisfying the requirements of Section 40-2-550 upon the payment of a license fee in an amount to be determined by the board.
2. (B) A licensee must file an application for renewal in accordance with Section 40-2-250.
3. (C) A partnership, firm, or registrant must file an application in accordance with Section 40-2-255.

4. (D) Partnerships, without payment of a permit fee, which meet the following standards:

   1. (1) at least one general partner must be an accounting practitioner of this State in good standing;
   2. (2) each partner must be lawfully engaged in the practice, as defined in Section 40-2-520, in a state of the United States;
   3. (3) each resident manager in charge of an office must be an accounting practitioner of this State in good standing.

HISTORY: 1996 Act No. 453, Section 1; 2000 Act No. 274, Section 4; 2004 Act No. 289, Section 1.