(a) Subject to subsection (b) of this section, a license holder or a receiver or trustee for the benefit of creditors, may:
(1) transfer the license holder’s place of business to some other location; or
(2) transfer the license and the license holder’s inventory to another person.
(b) A transfer under subsection (a) of this section may be made if:
(1) an application for the transfer has been made;
(2) all sales and use, amusement, admission, and withholding taxes have been paid to the Comptroller;
(3) a bulk transfer permit has been obtained if the inventory of alcoholic beverages is to be transferred:
(i) in any manner, including by sale, gift, inheritance, and assignment; and
(ii) regardless of whether consideration is paid; and
(4) the local licensing board approves the new location or license holder in the same way the local licensing board approves the issuance of a license.
(c) An applicant may apply for a transfer of location and transfer of ownership in the same application.