32-1127. Responsible managing employee and
qualifying party; definitions
The terms "responsible managing employee" and "qualifying party" shall, for the
purpose of administering this chapter, be synonymous, and shall mean an employee who is
regularly employed by the licensee and is actively engaged in the classification of work
for which such responsible managing employee qualifies in behalf of the licensee. While
engaged as a qualifying party for a licensee, the qualifying party shall not take other
employment that would conflict with his duties as qualifying party or conflict with his
ability to adequately supervise the work performed by the licensee. Such person may act
in the capacity of the qualifying party for one additional licensee if one of the
following conditions exists:
1. There is a common ownership of at least twenty-five per cent of each licensed
entity for which the person acts in a qualifying capacity.
2. One licensee is a subsidiary of another licensee for which the same person acts
in a qualifying capacity. "Subsidiary" as used in this section means a corporation of
which at least twenty-five per cent is owned by the other licensee.
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