Sec. 08.04.440. - Effect of failure to obtain license, permit, or practice privilege.
Failure of an individual, partnership, limited liability company, corporation, or other legal entity to apply for the required license, permit, or practice privilege or to pay the required fee within (1) three years from the expiration date of the license, permit, or practice privilege last obtained or renewed, or (2) three years from the date the person was granted a license or permit as a public accountant valid under AS 08.04.661 deprives the individual, partnership, limited liability company, corporation, or other legal entity of the right to a license, permit, or practice privilege or renewal of a license, permit, or practice privilege unless the board determines that the failure is excusable. In case of excusable failure, the fee for a license, permit, or practice privilege or renewal of a license, permit, or practice privilege under this section may not exceed three times one year's portion of the fee that would have otherwise been required for the license, permit, or practice privilege, or renewal.