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When the registration of a vehicle takes place between registration periods, the license and registration fees shall be prorated one-twelfth (1/12) of the annual rate for each full month or fraction thereof remaining in the registration period.

SOURCE: GC § 23358, enacted by P.L. 1-088 (Nov. 29, 1952); as repealed and reenacted by P.L. 8-105 (Feb. 24, 1966).