1. An establishment license issued by the board expires annually on December thirty- first. If the application for renewal is not received on or before the expiration date, the license expires. 2. The board may renew a license if: a. An application for renewal is submitted as provided by the board; b. The renewal fee is paid; and c. Grounds for denial do not exist under section 43-11-31. 3. The holder of an expired establishment or independent license, within twelve months from the date of the license's expiration, may obtain a reinstatement of the establishment license upon: a. Payment of the required late fee; and b. Payment of the current renewal fee. 4. After twelve months from the date of the license's expiration, the holder of an expired establishment or independent license seeking licensure shall pay the required late penalty fee for each year not renewed and reapply for establishment or independent licensure under this chapter.
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