(A) For permits not renewed by the expiration date specified on the permit, the board may charge late penalties as follows:

1. (1) ten dollars a day if renewed during the first thirty days following expiration;
2. (2) failure to renew by the end of thirty days following expiration shall result in automatic cancellation of the permit and application for a new permit is required.

(B) Upon the occurrence of any of the following, an existing permit is void and a new permit must be applied for:

1. (1) change of ownership:

   1. (a) any change of ownership in the case of a sole proprietorship;
   2. (b) a gain or loss of a partner in the case of a partnership;
   3. (c) a change of ownership of fifty percent or more of stock in the case of a corporation.
2. (2) change of name; or

3. (3) change of location.

   A change in location of a permit within the same city requires an inspection and the payment of a relocation fee.

(D)

1. (1) After May first, a license which has not been renewed is considered a lapsed license. A person who practices pharmacy with a license that has lapsed is considered practicing without a license. Reinstatement of a lapsed license may be granted upon evidence satisfactory to the board of good and sufficient grounds for the failure to renew the license within the prescribed period and payment of the renewal fee and a penalty of fifty dollars.
2. (2) A pharmacist whose license has lapsed for less than three years may reactivate his license by applying to the board, submitting proof of completion of 1.5 CEU's for each year the license has lapsed, and paying the reactivation fee.
3. (3) A pharmacist whose license has lapsed for three years but less than five years may reactivate his license by applying to the board, demonstrating to the board evidence of no less than one thousand hours of practice under the on-site supervision of a pharmacist licensed in this State, and paying the reactivation fee.
4. (4) A pharmacist whose license has lapsed for ten years or more may reactivate his license by applying to the board, demonstrating to the board evidence of no less than one thousand hours of practice under the on-site supervision of a pharmacist licensed in this State, successfully passing an examination administered or approved by the board, and paying the reactivation fee.

5. (5)

   1. (a) A pharmacist whose license has lapsed for less than three years and who has active status outside of South Carolina may reinstate his license by submitting proof of completion of 1.5 CEU's for each year the license has lapsed, official verification of a current license, and paying the reactivation fee.
   2. (b) A pharmacist whose license has lapsed for three years or more and who has active status outside of South Carolina may reinstate his license by submitting evidence of no less than one thousand hours of out-of-state employment within the last five years, official verification of a current license, and paying the reactivation fee.

(E)

1. (1) Each licensed pharmacist shall apply for renewal of his license annually no later than April first. A licensed pharmacist who desires to continue in the practice of pharmacy in this State shall file with the board an application in such form and containing data as the board requires for renewal of the license. If the board finds that the applicant has been licensed, and that the license has not been revoked or suspended or otherwise disciplined, that the applicant has paid the renewal fee and has completed all pharmacy education requirements for continuing education in accordance with this chapter, the board shall issue a license to the applicant.
2. (2) If a pharmacist fails to make application to the Board of Pharmacy for renewal of his license within a period of three years from the expiration of his license, he must pass the Pharmacy Law Examination for license renewal; except that a person who has been licensed under the laws of this State and after the expiration of his license has continually practiced pharmacy in another state under a license issued by the authority of such state, may renew his license upon payment of the designated fee and proof of completion of thirty hours of continuing education on a form approved by the board.
3. (3) Those assistant pharmacists currently licensed have all the rights and privileges of a licensed pharmacist.