§17–1703.

    (a)    On approval by the Board, a holder of a license may transfer the license to other premises in the same election district if the premises for which the license was issued is:

        (1)    substantially destroyed by fire, explosion, or catastrophe;

        (2)    taken by condemnation; or

        (3)    taken by the exercise of the power of eminent domain.

    (b)    If the license holder does not request a transfer of the license within 6 months after the date of loss, the license shall expire and be available to be issued to an applicant.