50-53-204. License expiration -- nontransferability. (1) A license issued under 50-53-101 through 50-53-109 and this part expires on December 31 of the year of issuance unless it is suspended or canceled by the department before that date.
     (2) A license issued under 50-53-101 through 50-53-109 and this part is not transferable.

     History: En. Sec. 9, Ch. 708, L. 1991.