(1)  An applicant for a registration to dispense drugs as a medical practitioner, pursuant to 37-2-104, MCA, shall: 

(a)  be a licensed medical practitioner as defined in 37-2-101(7), MCA;

(b)  be in good standing as that term is defined in this chapter;

(c)  complete the application on a form supplied by the board;

(d)  pay the required application fee and renewal fee; and

(e)  be located in Montana.

(2)  The applicant shall:

(a)  state each location in Montana at which prescription drugs will be dispensed; and

(b)  grant permission to the board to inspect each location at which prescription drugs will be dispensed during the normal business hours.

(3)  Registrants must conspicuously display the dispenser license at all times in the place of business for which the license is issued.