Indiana Code 4-31-7.5-13. Secondary pari-mutuel organization license application
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Sec. 13. A secondary pari-mutuel organization applying for a license under this chapter must provide the following to the commission:
(2) A copy of a proposed contract executed by the applicant and each permit holder to satisfy the requirements of section 10 of this chapter.
(1) Written evidence of the approval to conduct advance deposit wagering that the organization has received from the appropriate regulatory authority in each state where the secondary pari-mutuel organization is licensed.
Terms Used In Indiana Code 4-31-7.5-13
- advance deposit wagering: means a system of pari-mutuel wagering in which wagers of an account holder are debited and payouts are credited to an account established by the account holder, regardless of whether the wagers are made in person, by telephone, or through communication by other electronic means. See Indiana Code 4-31-7.5-3
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- secondary pari-mutuel organization: means an entity that offers advance deposit wagering. See Indiana Code 4-31-7.5-7
(3) A nonrefundable application fee of five thousand dollars ($5,000).
(4) A complete application on a form prescribed by the commission.
(5) Any other information required by the commission.
As added by P.L.268-2017, SEC.12.