50-57-206. License expiration -- nontransferability.
50-57-206. License expiration -- nontransferability. (1) Except as provided in subsection (2), licenses expire on December 31 of the year in which they are issued unless canceled for cause.
(2) If the board of review adopts a renewal date for licenses under this chapter, the licenses expire on the anniversary date established by rule by the board of review.
(3) Licenses are not transferable.
History: En. Sec. 15, Ch. 474, L. 2003.