Section 65-5306 - Same; term; renewal(a) A license expires one year from its effective date unless it is renewed for a one-year term as provided in this section.(b) Not less than one month before a license expires, the secretary shall send to the licensee, at the last known address of the licensee, a renewal notice that states: (1) The date on which the current license expires;(2) the date by which the renewal application must be received by the secretary for the renewal license to be issued and mailed before the current license expires; and(3) the amount of the renewal fee.(c) Before a license expires, the licensee periodically may renew it for an additional one-year term, if the business entity:(1) Otherwise is entitled to be licensed;(2) submits a renewal application to the secretary in the form required by the secretary; and(3) pays the renewal fee prescribed by the secretary.L. 1985, ch. 203, § 6; 1/1/1986.