Can on-premises Microsoft VMs be moved between servers without shared storage?

[OneTechIT]

Is it possible to move an on-premises Microsoft Hyper-V guest VM, from one Hyper-V server to another, without having shared storage? I'm fine if it means downtime for the VM. Also can I move a VM from an older version of Hyper-V (Windows 2012 R2 server) to a newer version of Hyper-V (Windows 2019 Server)?

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