(a) The department will issue a license if the requirements of §21.152 of this chapter (relating to License Application), or if the requirements of §21.449 of this subchapter (relating to License Application), are satisfied.
(b) The department will not issue a license to an entity that is not authorized to conduct business in this state.

Source Note: The provisions of this §21.450 adopted to be effective April 19, 2012, 37 TexReg 2687