Harbors and Navigation Code - HNC
DIVISION 3. VESSELS [399 - 786]
( Division 3 enacted by Stats. 1937, Ch. 368. ) CHAPTER 5. Operation and Equipment of Vessels [650 - 774.4]
( Heading of Chapter 5 amended by Stats. 1970, Ch. 1428. ) ARTICLE 2. Yacht and Ship Brokers [700 - 740]
( Article 2 added by Stats. 1978, Ch. 453. ) 726.
(a) A person who fails to renew his license within two years after its expiration may not renew it pursuant to Section 724. Such person may apply and obtain a new license, in which case all of the provisions hereof shall apply as if such person were applying for a license for the first time.
(b) In the event a salesman’s license expires only because that salesman procured a broker’s license or a broker’s license expires only because that broker procured a salesman’s license, either former license may be reinstated under the provisions of Section 724 within two years of the expiration of the latter license.
(Added by Stats. 1978, Ch. 453.)