40. Every licence expires one year after the date of its issue; it may be renewed on the conditions prescribed by regulation. The board may, by regulation, determine cases of exemption from the examinations contemplated in the first paragraph of section 31.
The board may, however, issue a licence for a lesser period if it considers it in the public interest, or for administrative reasons.
1975, c. 53, s. 40; 1979, c. 2, s. 9.