(a) A local licensing board may issue a license to dispose of stock for a period not exceeding 10 consecutive days.
(b) (1) A license holder may dispose of the license holder’s stock of alcoholic beverages if:
(i) the license has been canceled, revoked, or suspended;
(ii) renewal has been denied by the local licensing board; or
(iii) a renewal license has been granted by the local licensing board and a court on judicial review has reversed the local licensing board’s decision.
(2) A license holder that disposes of stock may sell the stock at retail or to a licensed wholesaler.
(3) A license does not authorize the license holder to purchase alcoholic beverages for resale.
(c) The fee for a license under this section is $5 per day.
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