A license issued by a local licensing board for a premises acquired for public use shall expire 180 days after acquisition unless an application is pending or has been approved for:
(1) a transfer of the license to another location or another person, subject to Subtitle 3 of this title and Subtitle 17 of the various titles of Division II of this article; or
(2) a certificate of permission, subject to § 4-803 of this title and Subtitle 23 of the various titles of Division II of this article.