RETIRED STATUS.

326A.045 RETIRED STATUS. § Subdivision 1.Retired status requirements. The board shall grant retired status to a person who meets the following criteria: (1) is age 55 or older; (2) holds a current active license to practice public accounting under this chapter with a license status of active, inactive, or exempt under Minnesota Rules, part 1105.3700; (3) declares that he or she is not practicing public accounting in any jurisdiction; (4) was in good standing with the board at the time the person last held a license under this chapter; and (5) submits an application for retired status on a form provided by the board. § Subd. 2.Retired status effect. Retired status is an honorific status. Retired status is not a license to engage in the practice of public accounting. A person granted retired status shall not perform or offer to perform services for which a license under this chapter is required. § Subd. 3.Documentation of status. The board shall provide to a person granted retired status a document stating that retired status has been granted. § Subd. 4.Representation to the public. A person granted retired status may represent themselves as "Certified Public Accountant - Retired," "CPA - Retired," "Retired Certified Public Accountant," or "Retired CPA," but shall not represent themselves or allow themselves to be represented to the public as a current licensee of the board. § Subd. 5.Continuing education not required. A person is not required to comply with the continuing education requirements in section 326A.04, subdivision 4, to acquire or maintain retired status. § Subd. 6.Renewal not required. A person granted retired status is not required to renew the person's registration or pay renewal fees to maintain retired status. § Subd. 7.Change to active or inactive status. The board shall change a license status from retired to active or inactive if a person with retired status requests a status change and meets requirements for reactivation prescribed by rule. History: 1Sp2019 c 10 art 9 s 4