Section 4-48-6 - Termination of license; notices; renewals; penalty(a) All commission merchant, dealer, processor, broker, agent, and retail merchant licenses shall expire one year from the effective date, unless renewed with payment of the annual license fee on or before the expiration date of the license or unless otherwise provided for in section 145-2, Hawaii Revised Statutes.(b) A commission merchant or broker license shall be declared void on the date of cancellation of the posted surety bond.(c) Thirty days after the expiration of a commission merchant, dealer, broker, agent, retail merchant, processor, or branch store license, the head shall notify the licensee in writing that the license may be renewed by payment of the annual fee plus a forty per cent penalty.[Eff 5/29/81; am 1/16/84; am and comp 3/24/86] (Auth: HRS § 145-15) (Imp: HRS § 145-2)