California Business and Professions Code

§ 19858

BPC § 19858 Effective Jan 1, 2014Div. 8 · Ch. 5 · Art. 4

Statute text

(a)Except as provided in subdivisions (b) and (c), a person shall be deemed to be unsuitable to hold a state gambling license to own a gambling establishment if the person, or any partner, officer, director, or shareholder of the person, has any financial interest in any business or organization that is engaged in any form of gambling prohibited by Section 330 of the Penal Code, whether within or without this state.

(b)Subdivision (a) shall not apply to a publicly traded racing association, a qualified racing association, or any person who is licensed pursuant to subdivision (b) or (c) of Section 19852.

(c)Subdivision (a) shall not apply to a person who meets all of the following criteria:

…

Legislative history

Amended by Stats. 2013, Ch. 760, Sec. 3. (SB 472) Effective January 1, 2014.