1. No corporation, association or person which holds a license, registration, franchise, certificate or permit issued by the commission shall directly extend credit for any wager under this chapter.

Terms Used In N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 108

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
2. No corporation, association or person that holds a license, registration, franchise, certificate or permit issued by the commission shall permit any person who is actually or apparently under eighteen years of age to bet on gaming activity, as defined in subdivision five of section one hundred one of this article.