No person may operate a public auction as defined in this chapter after the expiration of six months following the effective date of this chapter unless a license to operate the auction has been granted by the Secretary. The license period shall be April 1 to March 31 and the license fee shall be $10.00 for each license period or part thereof. (Added 1971, No. 27, § 5, eff. March 24, 1971; amended 1975, No. 220 (Adj. Sess.), § 21; 2003, No. 42, § 2, eff. May 27, 2003; 2013, No. 30, § 6.)