Sec. F-1. 13 MRSA §705, as amended by PL 1997, c. 313, §1, is further amended to read:
An individual or group of individuals duly licensed or otherwise legally authorized to render the same professional service within this State may organize and become a shareholder or shareholders of a professional corporation under the corporation laws for the sole and specific purpose of rendering the same and specific professional service. Notwithstanding any other provisions of law, for the purposes of this chapter, osteopathic physicians licensed under Title 32, chapter 36 and physicians and surgeons licensed under Title 32, chapter 48 are considered to render the same professional service. Notwithstanding any other provision of law, for the purposes of this chapter, optometrists licensed under Title 32, chapter 34-A and opthalmologists licensed under Title 32, chapter 36 or 48 may organize and become the sole shareholders of the same professional corporation under the corporation laws for the sole and specific purpose of rendering their respective professional services that are considered to be complementary to one another. Notwithstanding any other provision of law, nonlicensed individuals may organize with individuals who are licensed under Title 32, chapter 113, and may become shareholders of a firm licensed to practice public accountancy under Title 32, section 12252, provided that all of the requirements for licensure under Title 32, section 12252, subsection 3 are met by the firm.
Sec. F-2. 32 MRSA §12252, sub-§3, ¶A, as amended by PL 1999, c. 619, §2, is further amended to read:
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 and or who perform professional services in this State hold valid individual permits issued by the board. At least a simple majority of the ownership of a public accounting firm, in terms of financial interests and voting rights, must belong to holders of permits issued by the board. Firms may include nonlicensee owners in accordance with paragraph B.
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