| (a) Registration term and renewal. An initial registration
is effective from the date of its issuance until November 30. A registration
must be renewed annually to remain effective. After renewal, a registration
is effective for a term of one year, from December 1 of a calendar
year to November 30 of the next calendar year.
(b) Due date for annual fee. The annual fee described
by §86.102(b) of this title (relating to Fees) is due by November
30 of each year.
(c) Expiration. If a registrant does not pay the annual
fee, the registration will expire on November 30.
(d) Late renewal. A person may renew an expired registration
by December 30 by paying the annual fee. In order to renew an expired
registration after December 30, a person must pay any registration
fee for a prior year and the late filing fee described by §86.102
of this title.
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