A license issued by the State Board of Physical Therapy, pursuant to this chapter, expires on January first of the second year following its issuance. A license may be renewed upon payment of a fee, in an amount established by the board, in rule pursuant to chapter 1-26 , but not exceeding three hundred dollars. Failure of a licensee to renew the license on or before July first of the second year following issuance constitutes a forfeiture of the license.
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