§ 4-1206

(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.