§ 1-9. License.

(a) Fee; term.

(1) Upon the receipt of an approved surety bond and of a $1,600-license fee, the Director of Finance shall issue a license to a duly appointed auctioneer for the term of 1 year.

(2) At the request of the applicant, the license may be dated back to the expiration date of his prior license, but such action shall not affect prosecutions commenced prior to such request.

(3) The failure of the auctioneer to pay the license fee and post bond within 30 days of his appointment shall render such appointment null and void.

(b) Death of licensee.

Upon the death of any auctioneer prior to the expiration of his license, his personal representative or a person named in § 1-6 of this subtitle may continue to act under the license for its unexpired term, or for a period of 30 days, whichever is greater.