A local licensing board may issue a license to dispose of stock for a period not exceeding 10 consecutive days. A license holder may dispose of the license holder’s stock of alcoholic beverages if: the license has been canceled, revoked, or suspended; renewal has been denied by the local licensing board; or 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. A license holder that disposes of stock may sell the stock at retail or to a licensed wholesaler. A license does not authorize the license holder to purchase alcoholic beverages for resale. The fee for a license under this section is $5 per day.