Okla. Stat. tit. 3A, § 3A-205.2a
This is the official text of Okla. Stat. tit. 3A, § 3A-205.2a, part of Oklahoma’s Stat. tit. 3A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 3A,." Browse the sections below, each linked to its official government source.
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Ownership interest in organization license
Official statutory text
Whenever an organization license to conduct a horse race meeting
has been issued, no person shall in any manner become the owner or
holder, directly or indirectly, of any shares of stock or
certificates or other evidence of ownership of any interest in such
organization licensee without first having obtained the approval of
the Commission. The Commission may, after hearing, revoke such
organization license granted to any person which shall register on
its books in the name of any person its shares of stock or
certificates or other evidence of ownership of any interest in such
organization licensee without the approval of the Commission having
first been obtained, or which shall knowingly permit a person to be
directly or indirectly interested in its shares of stock or
certificates or other evidence of ownership of any interest in such
organization license without reporting the same to the Commission.
Whenever the Commission gives to any person its approval to own or
hold the shares of stock or certificates or other evidence of
ownership of any interest in any such organization licensee it shall
by registered mail notify the secretary of such licensee of such
approval. Under no circumstances shall the Commission give such
approval to any person who has been convicted of a felony or a crime
involving moral turpitude, unless said person has been granted a
full and unconditional pardon. Under no circumstances shall the
Commission give such approval to any person who has violated any of
the provisions of the racing laws of this state or any other state,
or has at any time been denied a license or permit of any kind by
the Commission.
has been issued, no person shall in any manner become the owner or
holder, directly or indirectly, of any shares of stock or
certificates or other evidence of ownership of any interest in such
organization licensee without first having obtained the approval of
the Commission. The Commission may, after hearing, revoke such
organization license granted to any person which shall register on
its books in the name of any person its shares of stock or
certificates or other evidence of ownership of any interest in such
organization licensee without the approval of the Commission having
first been obtained, or which shall knowingly permit a person to be
directly or indirectly interested in its shares of stock or
certificates or other evidence of ownership of any interest in such
organization license without reporting the same to the Commission.
Whenever the Commission gives to any person its approval to own or
hold the shares of stock or certificates or other evidence of
ownership of any interest in any such organization licensee it shall
by registered mail notify the secretary of such licensee of such
approval. Under no circumstances shall the Commission give such
approval to any person who has been convicted of a felony or a crime
involving moral turpitude, unless said person has been granted a
full and unconditional pardon. Under no circumstances shall the
Commission give such approval to any person who has violated any of
the provisions of the racing laws of this state or any other state,
or has at any time been denied a license or permit of any kind by
the Commission.
Status: in_force · Read it on the official government site
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