(a) [Deleted by 2023 amendment.]

Terms Used In Tennessee Code 4-49-124

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Council: means the sports wagering council. See Tennessee Code 4-49-102
  • Key personnel: means individuals who have the power to exercise significant influence over sports wagering in this state and who are associated with the applicant for licensure or registration as:
    (i) A principal owner of more than five percent (5%) of the applicant. See Tennessee Code 4-49-102
  • Licensee: means a person who holds a license issued under §. See Tennessee Code 4-49-102
(b) A licensee shall report all changes to its key personnel to the council within three (3) business days of the change. A licensee shall complete all key personnel disclosures, including a statement as to any conflict of interest that may exist due to the changes in key personnel, in a manner, form, and at a time specified by rule of the council.
(c) [Deleted by 2023 amendment.]
(d) Upon receiving a report under this section or § 4-49-115(b), the council may conduct a hearing in accordance with § 4-49-126 to determine whether the licensee remains in compliance with this part.
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