SENATE DOCKET, NO. 157        FILED ON: 1/14/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1168

The Commonwealth of Massachusetts

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PRESENTED BY:

Thomas P. Kennedy

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act to modernize firm leadership structures.

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PETITION OF:

SENATE DOCKET, NO. 157        FILED ON: 1/14/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1168

The Commonwealth of Massachusetts

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In the One Hundred and Eighty-Ninth General Court
(2015-2016)

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An Act to modernize firm leadership structures.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Clause (i) of paragraph (2) of subsection (b) of section 87B ½ of chapter 112 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by striking out, in lines 40-41, the words:- “as its managing partner or agent”

SECTION 2.  Section 87B ½ of said chapter 112, as so appearing, is hereby amended by striking out subsection (c) and inserting in place thereof the following subsection:-

(c) An applicant for initial issuance or renewal of a permit to practice under this section shall be required to register each office of a firm within the commonwealth with the board and show that all attest and compilation services rendered in this commonwealth are under the charge of a person holding a valid license to practice issued under section 87B or the corresponding provision of prior law or some other state.