85-3-204. Licenses -- term and renewal. The license shall be issued for a period to expire at the end of the calendar year in which it is issued and, if the licensee possesses the qualifications necessary for the issuance of a new license, shall upon application be renewed at the expiration of the period.

     History: En. Sec. 7, Ch. 20, L. 1967; R.C.M. 1947, 89-316.