(a) To qualify for licensure, an applicant shall:

(1) Be at least twenty-one (21) years of age;

(2) Have successfully completed not less than a minimum of sixty (60) semester credit hours of college education, to include a minimum of thirty (30) semester credit hours in the field of science;

(3) Not have had a license to practice chiropractic in any other state suspended or revoked nor have been placed on probation for any cause;

(4) Possess a valid "doctor of chiropractic" degree from a chiropractic institution whose requirements include a course of instruction of not fewer than four (4) years of nine (9) academic months each or not fewer than four thousand four hundred (4,400) fifty-minute resident class hours and include one hundred twenty (120) classroom hours of physiological therapeutics;

(5) Possess a valid National Board of Chiropractic Examiners certificate, to include Parts I, II, III, and IV and the physiological therapeutics section;

(6) Be of good moral character;

(7) Not have been convicted of a felony;

(8) Not be an habitual user of intoxicants, drugs, or hallucinatory preparations;

(9) Pay the application fee as provided in § 17-81-304; and

(10) Cause a certified chiropractic college transcript or National Board of Chiropractic Examiners transcript to be submitted directly from the respective institutions.

(b) An applicant graduated, as of July 19, 1971, from a school or college of chiropractic, the requirements and course of instruction of which were equal and comparable to other recognized schools or colleges of chiropractic at the time of his or her attendance, may be acceptable.

(c) For students enrolled in any approved chiropractic school or college which may not, at the passage date of this act, meet the requirements as set forth in subdivision (a)(4) of this section, the Arkansas State Board of Chiropractic Examiners may waive the requirement in individual cases at its discretion.