31.0547 Capital stock.

Cite as [A.S.A.C. § 31.0547]

A professional public accounting corporation shall provide in its by-laws a provision whereby its capital stock owned by a disqualified persons, or a deceased person, shall be transferred to the corporation provided it has sufficient retained earnings or to its licensed employees, within the time specified by the American Samoa Code Annotated.

History: Rule 3-88, eff 18 Apr 88.