(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 Executive Director approves the new location or license holder in the same way the Executive Director approves the issuance of a license. (c) An applicant may apply for a transfer of location and a transfer of ownership in the same application.