SECTION 5-13-7

   § 5-13-7  Terms of license. – A license issued under this chapter shall be the property of the state, shallbe loaned to the licensee and it must be kept posted, in a conspicuous place,upon the premises where the riding school is conducted. The license shallexpire by limitation on the thirty-first day of May following its issuance. Alicense may be renewed from year to year upon payment of the prescribed fee. Nolicense issued under this chapter is assignable or transferable.