(A) Each license issued hereunder shall terminate on April 30 following the issuance thereof. Any licensee may renew its license at the expiration thereof, provided that it is then qualified to receive a license, and the premises for which the renewal license is sought are suitable for the purpose, and provided further that the renewal privilege herein provided for shall not be construed as a vested right which shall in any case prevent the Board of Trustees from decreasing or limiting the number of classes of licenses to be issued
(B) A negotiable instrument received as payment for a license fee, transfer fee, late fee, offer in compromise, pre-disciplinary conference settlement, or fine imposed by order that is dishonored on presentation shall not be considered payment and shall be cause for disciplinary action.
(235 ILCS 5/6-1)
Statutory reference:
License term; renewal, see ILCS 235 5/6-1 et seq.