(a) An initial license is the first license issued to an individual or firm certified or registered under the Act. The board will prorate the initial license fee for an individual or firm for those months during which the license is valid.     
      (b) The firm's initial and subsequent office license shall not be issued until such time as the sole proprietor, all partners, officers, directors, members, or shareholders of the firm, including non-CPA firm owners, who reside in Texas and who are certified or registered under the Act have obtained a license and have been fingerprinted unless they have been previously fingerprinted by the board.     
     Source Note:        The provisions of this §515.2 adopted to be effective September 24, 1979, 4 TexReg 4508; amended to be effective April 1, 1986, 11 TexReg 1391; amended to be effective October 30, 1991, 16 TexReg 5830; amended to be effective June 9, 1994, 19 TexReg 4199; amended to be effective February 27, 2000, 25 TexReg 1390; amended to be effective February 4, 2004, 29 TexReg 971; amended to be effective November 29, 2006, 31 TexReg 9613; amended to be effective October 10, 2019, 44 TexReg 5783