To renew a license to practice pharmacy, a pharmacist must, on or before September thirtieth of each year, submit a renewal application and pay to the board a renewal fee set by the board in rules promulgated in accordance with chapter 1-26 , not to exceed one hundred fifty dollars. Upon application and payment of the fee, the board shall renew the license. If a pharmacist fails to apply and pay the renewal fee, the license expires. The board may reinstate an expired license if the individual: (1) Applies for reinstatement; and (2) Pays all delinquent fees, plus a fifty-dollar late fee.
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