§436B-15.5  Conversion of license.  (a)  Notwithstanding any other provision of law to the contrary, a licensee who has converted its form of business entity in accordance with sections 414-271, 414D-207, 415A-16.5, 425E-1102, and 428-902.5, and desires to continue engaging in a profession or vocation subject to this chapter in its new form of business entity shall:

     (1)  File an application for conversion of a license and pay the initial application fee specified in the statutes or rules of the profession or vocation, within thirty calendar days after the effective date of the conversion; and

     (2)  Continue to meet the other licensing requirements of that profession or vocation.

     (b)  Failure to comply with the requirements of this section shall cause the license to be automatically forfeited.  A licensee whose license is forfeited shall not engage in the profession or vocation until the license is restored or the licensee obtains a new license. [L 2001, c 149, §1; am L 2003, c 210, §11]

Note

  Section 414D-207 referred to in text is repealed.