Sec. 733.
(1) Statements, records, schedules, working papers, or memoranda made by a licensee or by an employee of a licensee shall remain the property of the licensee unless there is an agreement to the contrary. This subsection does not apply to a report submitted by a licensee to a client or a document constituting the original books or records of a client's business.
(2) Statements, records, schedules, working papers, or memoranda pertaining to a client shall not be sold, transferred, or bequeathed without consent of the client or the client's personal representative and shall not be assigned except to 1 or more surviving partners or a new partner of the licensee or members of the licensee's firm.
History: Add. 1997, Act 10, Imd. Eff. May 16, 1997 Popular Name: Act 299
Structure Michigan Compiled Laws
Chapter 339 - Occupational Code
Act 299 of 1980 - Occupational Code (339.101 - 339.2919)
Article 7 - (339.701...339.736)
Section 339.701-339.716 - Repealed. 1997, Act 10, Imd. Eff. May 16, 1997.
Section 339.720 - Definitions; Practice of Public Accounting.
Section 339.722 - Licenses, Registrations, and Certificates as Certified Public Accountant.
Section 339.724 - Conduct Not Prohibited by Article.
Section 339.727 - Use of Authorized Title; Requirements.
Section 339.729 - License Renewal; Continuing Education Requirements.
Section 339.730 - Contingent Fee.
Section 339.731 - Commission or Referral Fee.
Section 339.732 - Confidentiality; Disclosure of Information.
Section 339.734 - Prohibited Conduct; Penalties; Report to Department.
Section 339.735 - Violation as Felony; Penalty; Enforcement.