The license shall be issued for a period to expire at the end of the calendar year in which it is issued and, if the licensee possesses the qualifications necessary for the issuance of a new license, shall upon application be renewed at the expiration of the period.
Licenses -- Term And Renewal
Mont. Code Ann. § 85-3-204, under Licenses and Permits.
Mont. Code Ann. § 85-3-204