The holder of the license shall be the person to whom the license is issued. Any person
working under the person holding the license may operate under that license as may
be directed by the licensee.
(b)
If the business association of the holder of the license shall terminate with a particular
business or company, the holder of the license shall immediately notify the board
of such termination and said license shall become null and void. A new license shall
be issued to the licensee reflecting the change in business status, except that no
fee shall be charged for such new license.
