LD 1539
pg. 3
Page 2 of 104 PUBLIC Law Chapter 344 Page 4 of 104
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LR 1942
Item 1

 
Sec. B-1. 13 MRSA §723, sub-§8, as enacted by PL 2001, c. 640, Pt. B,
§2 and affected by §7, is amended to read:

 
8. Qualified person. "Qualified person" means an individual,
general partnership, professional limited liability company,
professional limited liability partnership, other professional
corporation or other entity or trust that is eligible under this
chapter to be issued shares by a professional corporation or any
other entity that is authorized by statute to provide the same
professional service provided by the professional corporation.

 
Sec. B-2. 13 MRSA §732, sub-§3, as enacted by PL 2001, c. 640, Pt. B,
§2 and affected by §7, is amended to read:

 
3. Accountants. Nonlicensed individuals and qualified
employee stock ownership plans or programs or other employee
ownership programs and other entities 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, as long as all of the
requirements for licensure under Title 32, section 12252,
subsection 3 are met by the firm.

 
Sec. B-3. 13 MRSA §736, sub-§2, as enacted by PL 2001, c. 640, Pt. B,
§2 and affected by §7, is amended to read:

 
2. Assumed or fictitious name. A domestic professional
corporation or foreign professional corporation may render
professional services and exercise its authorized powers under an
assumed or fictitious name, as long as the corporation has first
registered the name to be so used in the manner required by met
the requirements for filing an assumed or fictitious name under
Title 13-C, section 404.

 
Sec. B-4. 13 MRSA §741, sub-§1, ¶¶C and D, as enacted by PL 2001, c.
640, Pt. B, §2 and affected by §7, are amended to read:

 
C. Professional corporations, professional limited
liability companies or professional limited liability
partnerships, domestic or foreign, authorized by law in this
State to render a professional service described in the
corporation's articles of incorporation; or

 
D. Any other entity that is authorized by law to provide
the same professional service provided by the professional
corporation.; or

 
Sec. B-5. 13 MRSA §741, sub-§1, ¶E is enacted to read:


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