Any licensee who allows a license to lapse by failure to renew the license as provided in § 36-9-45 may be reinstated by the board on satisfactory explanation for such failure to renew and payment of the required fee. Source: SDC 1939, § 27.0905; SL 1947, ch 123 , § 8; SL 1949, ch 109 , § 9; SL 1955, ch 91 , § 6; SDC Supp 1960, § 27.0906; SL 1967, ch 101 , § 6; SL 1976, ch 228 , § 34; SL 1979, ch 255 , § 41; SL 2016, ch 194 , § 27.