| their practices as permitted by pursuant to Title 13, chapter 22 | 22-A. |
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| | Sec. D-22. 32 MRSA §12252, sub-§3, as amended by PL 2001, c. 260, Pt. | F, §2, is further amended to read: |
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| | 3. Firm permits. Notwithstanding Title 13, section 710 and | Title 31, section 611, the The following provisions apply to the | issuance of firm permits. |
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| A. An applicant for initial issuance or renewal of a permit | to practice under this section shall show that a simple | majority of the ownership of the firm, in terms of financial | interests and voting rights of all partners, officers, | shareholders, members or managers, belongs to holders of | certificates who are licensed in a state and that all | partners, officers, shareholders, members or managers whose | principal place of business is in this State or who perform | professional services in this State hold valid individual | permits issued by the board. Firms may include nonlicensee | owners in accordance with paragraph B. |
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| B. A certified public accountancy firm or public | accountancy firm may include nonlicensee owners as long as: |
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| (1) All nonlicensee owners are individuals who | actively participate in the certified public | accountancy firm or public accountancy firm; and |
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| (2) The firm complies with such other requirements as | the board may impose by rule. |
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| | Sec. D-23. 35-A MRSA §2110, sub-§2, as enacted by PL 1987, c. 141, Pt. | A, §6, is amended to read: |
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| | 2. The commission's powers and limitations. The commission's | powers and limitations, made applicable under this section, are | those applicable by law in like cases concerning public utilities | organized under Title 13-A 13-C or any prior general corporation | law. |
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| | Sec. D-24. 35-A MRSA §3204, sub-§7, as enacted by PL 1997, c. 316, §3, | is amended to read: |
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| | 7. Corporate law; exemptions. An order of the commission | directing or approving divestiture renders an electric utility | and its directors, officers and shareholders exempt from Title | 13-A 13-C, sections 514, 517, 624 and 720 section 651 and from | the Uniform Fraudulent Transfer Act, Title 14, chapter 504 for | the matters | addressed by the order. A divestiture pursuant to a |
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