Each license issued under this chapter expires on the following December thirty-first.

Each application for renewal must be submitted to the board during the month of December and must be accompanied by a renewal fee. The board shall promulgate rules, in accordance with chapter 1-26, to establish the amount of the fee, which may not exceed two hundred fifty dollars.

Source: SDC 1939, § 27.1407; SL 1939, ch 102, § 5; SL 1951, ch 132, § 2; SL 1963, ch 154, § 6; revised pursuant to SL 1972, ch 15, §§ 3, 4; SL 1977, ch 300, § 7; SL 1991, ch 311, § 6; SL 2007, ch 220, § 4; SL 2008, ch 191, § 38; SL 2023, ch 137, § 18.