AN ACT to amend Chapter 37 of the Revised Code of the State of Delaware In relation to the State Board of Accountancy and Certified Public Accountants and abolishing the present State Board of Accountancy and providing for the appointment of a new board.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:

Section 1. That the State Board of Accountancy as now constituted be and the same is hereby abolished and the offices of the present members of said Board be and the same are hereby terminated.

Section 2. That Chapter 37 of the Revised Code of the State of Delaware be and the same is hereby amended by striking out 980, Sec. 1 and 982, Sec. 3, of said Chapter and by inserting in lieu thereof two new sections to be entitled 980, Sec. 1, and 982, Sec. 3, as follows:

980, Sec. 1. STATE BOARD OF ACCOUNTANCY; APPOINTMENT; QUALIFICATIONS; TERMS OF OFFICE: A State Board of Accountancy is established consisting of three members to be appointed by the Governor, two of whom shall be certified public accountants and the third member a practicing attorney at law in Delaware. They shall hold office for the term of three years and until their successors are appointed and qualified.

982, Sec. 3. CERTIFICATES; TO WHOM GRANTED; EXAMINATIONS; WHO MAY TAKE; HOW CONDUCTED; NOTICE OF; HOW OFTEN HELD; RULES AND REGULATIONS: No certificate as a certified public accountant shall be granted to any person other than a citizen of the United States, residing or having a place for the regular transaction of business in the State of Delaware, who is over the age of twenty-one years and of good moral character, and, except under the provisions of Section 4 of this Chapter, who shall have successfully passed an examination in theory of accounts, practical accounting, auditing and commercial law as affecting accountancy, and in such other subjects as the Board may deem advisable.

All examinations provided for herein shall be in writing and shall be conducted by the said Board of Accountancy. The time and place of holding examinations shall be duly advertised for not less than three consecutive days, in one daily newspaper published in each of the places where the examinations are to be held, not less than thirty days prior to the date of each examination.

The examination shall take place as often as may be necessary in the opinion of the Board, but not less frequently than once each year.

The Board may make all needful rules and regulations regarding the conduct of the examinations, their character or scope, the method and time of filing applications for examinations, their form and contents, and all other rules and regulations necessary to carry into effect the purpose of this Chapter.

Section 3. No person now holding a certificate as Certified Public Accountant under Chapter 37 of the Revised Code of the State of Delaware prior to the passage of this Act shall be affected by any of the provisions of this Act requiring examination.

Approved April 7, A. D. 1921.