§ 528. Agreements involving other states. 1. The commission shall be empowered to conclude agreements with another state or a racing corporation or association in another state, as the case may be, on behalf of any or all regional corporations for the purpose of conducting off-track betting on races run in another state, subject to the other provisions of this article.

Terms Used In N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 528

  • 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 regional corporation shall conclude such an agreement without the express approval of the commission, which shall be withheld upon a finding that such agreement would be contrary to the purposes of this article or upon the commission's determination to act directly, pursuant to this section.

3. Subdivisions one and two of this section shall apply in like manner to any agreements with another state or any agency, subdivision or entity thereof concerning off-track pari-mutuel betting conducted in another state on races run in this state. No franchised corporation, nor any racing corporation or association licensed by the commission shall enter into such an agreement without the commission's express approval.

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