Bill
HB 1156
AN ACT to create and enact a new section to chapter 43-02.2 of the North Dakota Century Code, relating to ownership of accounting firms by qualified plans; and to amend and reenact subsection 3 of section 10-31-04 and subsection 3 of section 43-02.2-06 of the North Dakota Century Code, relating to minority ownership of an accounting firm.
69th Legislative Assembly (2025-26)
Introduced by Landon Bahl and 10 co-sponsors
ND HB 1156 lets a North Dakota accounting firm be wholly owned by a qualified retirement plan (ESOP) if CPAs/LPAs retain majority ownership, ND licenses, and board control.
Filed with Secretary Of State 03/24