Section 40-43-90 - Permit requirements for applicants; permits not transferrable or assignable(A) To obtain a permit, an applicant shall:(1) submit an application in the form prescribed by the Board of Pharmacy at least forty-five days before the opening date of the facility;(2) pass an inspection conducted by inspectors of the Board of Pharmacy or a pharmacist designee; and(3) pay all required fees.(B) Each facility shall apply individually and obtain a separate permit for each location.(C) A permit issued by the board pursuant to this chapter is not transferable or assignable and expires annually on June thirtieth.(D) A permit renewal application, including the required fee, must be submitted to the board before June first. If not postmarked before June first, a penalty of fifty dollars must be assessed. For permits not renewed by the expiration date, the board may charge an additional ten dollars a day until the permit is reinstated. A permit which has not been renewed before July first is a lapsed permit. A permit holder who allows a site to operate with a lapsed permit is in violation of Section 40-43-83.(E) Upon the occurrence of any of the following, an existing permit is void and a new permit must be applied for: (1) change of ownership: (a) any change of ownership in the case of a sole proprietorship;(b) a gain or loss of a partner in the case of a partnership;(c) a change of ownership of fifty percent or more of stock in the case of a corporation;(3) change of location from one city to another.2002 Act No. 314, Section 9; 1998 Act No. 366, Section 1.