37-51-310. Annual renewal. (1) Except as provided in subsection (2), annual fees are due and payable for the ensuing year during the month of December of each year. Failure to remit annual fees before January 1 automatically cancels the license, but otherwise the license remains in effect continuously from the date of issuance unless suspended or revoked by the board for just cause.
     (2) The board may by rule change the annual renewal and automatic cancellation dates provided for in subsection (1).
     (3) A licensee who allows his license to lapse by failing to remit the annual fees before January 1 may have his license reinstated by the board by:
     (a) within 45 days after January 1, providing a satisfactory explanation to the board for his failure to renew the license; and
     (b) paying the current renewal fee prescribed by the board.
     (4) The board may also charge a late fee equal to twice the current renewal fee, but no less than $100, to a licensee who does not renew his license as required by subsection (1).

     History: En. Sec. 11, Ch. 250, L. 1963; amd. Sec. 185, Ch. 350, L. 1974; amd. Sec. 13, Ch. 533, L. 1977; R.C.M. 1947, 66-1934(3); amd. Sec. 1, Ch. 275, L. 1985; amd. Sec. 1, Ch. 306, L. 1987.