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Do Windows licenses transfer?/coorporate donation

Say a  government agency donates a handful of laptops to a non profit corporation.  The laptops hard drives have no data or operating system, but the license key is visible on the sticker on the underside of the laptops.  Can windows be reinstalled legally by the non profit?
Operating SystemsWindows XP

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☠ MASQ ☠

8/22/2022 - Mon