South Dakota Codified Laws 42-7-59. Filing of application for racing license or provision of simulcast signal–Contents
The application for a license to hold or conduct a racing meeting or to provide a simulcast signal to a satellite facility shall be signed under oath and filed with the commission on or before a day prescribed in this chapter. The application shall state:
(1) The full name and address of the applicant. If the applicant for a license is a corporation, the names of all officers, directors, or stockholders of the corporation or any of its holding corporations shall be disclosed individually to the commission. The commission may require disclosure of any person or group of persons holding directly, indirectly, or beneficially an interest of any nature whatsoever in the corporation or any of its holding corporations, whether financial, administrative, policy–making, or supervising;
Terms Used In South Dakota Codified Laws 42-7-59
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
(2) The location of its racetrack or other facilities and whether the racetrack or other facilities are owned or leased. If leased, state the names and addresses of the lessors;
(3) A statement of the assets and liabilities of such applicant;
(4) A description of the qualifications and experience of the applicant, if an individual, or of its officers and directors, if a corporation, in the conduct of racing establishments in the five years preceding the filing of such application;
(5) The time, place, and number of days such racing meet is proposed to be conducted or such satellite facilities are proposed to be in operation;
(6) The type of racing to be conducted or simulcast;
(7) Such other information as the commission may require.
Any expenses incurred by the commission in regard to the investigation of an applicant shall be paid by the applicant.
Source: SDC 1939, § 53.0506; SL 1949, ch 213; SL 1961, ch 265, § 2; SL 1963, ch 296, § 3; SDCL, § 42-7-10; SL 1969, ch 201; SL 1978, ch 302, § 14; SL 1985, ch 331, § 3; SL 1990, ch 339, § 3; SL 1991, ch 349, § 13; SL 2000, ch 212, § 3.