32-6C-5. Fee for dealer's licenses--Term--Renewal application--Disposition of fees. Upon making initial application for a dealer's license, the applicant shall pay a fee of one hundred fifty dollars to the department. Each license shall be valid from July first through the following June thirtieth, unless suspended or revoked prior to the expiration date. A renewal application shall be submitted to the department annually, along with a renewal fee of one hundred twenty-five dollars, prior to the expiration of the old license. The renewal application shall contain the same information as is required in § 32-6C-3. Any application for renewal made after the expiration date shall be accompanied by an initial license fee. Any licensee who does not file his application and renewal fee with the department prior to the expiration date shall cease to engage in business as a dealer on the license expiration date. All money collected pursuant to this section shall be deposited in the state motor vehicle fund.
Source: SL 1987, ch 223, § 5; SL 2008, ch 155, § 5.
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