Section 12-36-550 - Duration of license's validity; display of license; license not transferable or assignableThe license provided for in this article:
(1) is valid so long as the person to whom it is issued continues in the same business, unless revoked by the department. It is presumed that a retailer is not continuing in the same business and must surrender the retail sales license if the retailer has no retail sales for twenty-four consecutive months. To allow the license to remain valid, the retailer may submit an affidavit to the department swearing that the business is continuing;(2) must at all times be conspicuously displayed at the place for which it was issued;(3) is not transferable or assignable.2000 Act No. 399, Section 3(F), eff 8/17/2000; 1990 Act No. 612, Part II, Section 74A.