(a) Except as provided by Subsection (b), a license issued under Section 31.041:
(1) is valid for two years from the date of issuance; and
(2) may not be transferred to another person.
(b) A license issued under Section 31.041 in the name of a business remains valid for the business location specified on the license if a change of ownership or business name occurs.
(c) A license issued under Section 31.041 may be transferred to a new address if:
(1) a business moves to another location; and
(2) a change of ownership has not occurred.