Not more than five days after completion of the application form provided in Section 711.03, the Manager shall issue a license to the applicant unless it has been determined:
(a) That the applicant has made a false, misleading or deceptive statement in providing the information required under Section 711.03.
(b) That the applicant has been convicted of a felony violation or misdemeanor violation involving moral turpitude during the past five years.
(c) That the applicant has not supplied all requested information.
No license issued hereunder shall be assigned or transferred to any other
person.