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.

Allows qualified plans under Internal Revenue Code sections 401(a) and 4975(e)(7), including employee stock ownership plans, to own accounting firms.

Requires that if a qualified plan owns a firm, at least 51% of the plan's beneficial ownership must belong to certified public accountants or licensed public accountants.

Requires that a simple majority of the firm's board of directors be certified public accountants or licensed public accountants.

Maintains requirement that all accountants performing services in North Dakota must hold valid state licenses.