OK SB370

Amends Oklahoma law to allow accounting firm offices to continue operations during the sale or transfer of the business to a qualified successor, including transfers to grantor trusts upon the owner's death.

Requires notice to the Oklahoma Accountancy Board executive director within 14 days of death of a sole proprietor, single owner, or majority stockholder, identifying the qualified person who will continue or review the business during the sale or transfer.

Requires notice to the Board within 14 days of completing the sale or transfer, stating the completion date, the designated manager who oversaw the transition, and the name of the new owner if different.

Mandates monthly notification to the Board if a sale or transfer cannot be completed within 60 days, continuing until completion.

Authorizes the Board to pursue injunctive relief or disciplinary action if there is reasonable cause to believe a person is violating the law or Board administrative rules; becomes effective November 1, 2015.