210.45 Issuance, expiration, and display of licenses; license not
Upon receipt of an application in proper form and payment of the required
license fee, the division shall, unless otherwise provided by this part,
issue to the applicant a license which shall permit the applicant to engage
in business as a distributor at the place of business shown on the license.
Each license shall expire on June 30 following its date of issue unless
sooner revoked by the division or unless the business for which the license
was issued is transferred. In either case, the holder of the license shall
immediately surrender it to the division. Each license shall be prominently
displayed on the premises covered by the license. No license shall be
transferable to any other person.