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Move license from one laptop to another

On an ailing laptop, I have an expired license from 2 years ago in which I do a little new feature development on a legacy CPU.  I need to move to a new laptop as the laptop is having some issues.  Can I do this, or do I have to update the license before it will work on the new laptop?  I don't need the new MDK for this, as this is a pretty old CPU.  So, I don't really want to waste the money if I don't have to.  TIA.