Indiana § 4-35-12-8 Duty of racetrack owner to sell a racetrack at which a trustee conducts
gambling games

Indiana Statutes

§ 4-35-12-8 — Duty of racetrack owner to sell a racetrack at which a trustee conducts gambling games

Indiana § 4-35-12-8

Art. 35GAMBLING GAMES AT RACETRACKS

Ch. 12Gambling Games Temporarily Conducted by a Trustee

This text of Indiana § 4-35-12-8 (Duty of racetrack owner to sell a racetrack at which a trustee conducts gambling games) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 4-35-12-8 (2026).

Text

(a)A person who directly or indirectly owns a racetrack that is the subject of a resolution described in section 3 of this chapter has one hundred eighty (180) days after the date on which the commission adopts the resolution to sell the racetrack (and its related properties described in section 9 of this chapter) to another person that:

(1)satisfies the requirements of IC 4-31 for obtaining a permit and this article for obtaining a gambling game license; and

(2)is approved by the commission.

(b)If the person is unable to sell the racetrack (and its related properties described in section 9 of this chapter) in the time required by subsection (a), the trustee may take any action necessary to sell the properties to another person that:

(1)satisfies the requirements of IC 4-31 for obtain

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(a) A person who directly or indirectly owns a
racetrack that is the subject of a resolution described in section 3 of this
chapter has one hundred eighty (180) days after the date on which the
commission adopts the resolution to sell the racetrack (and its related
properties described in section 9 of this chapter) to another person that:
(1) satisfies the requirements of IC 4-31 for obtaining a permit
and this article for obtaining a gambling game license; and
(2) is approved by the commission.
(b) If the person is unable to sell the racetrack (and its related
properties described in section 9 of this chapter) in the time required
by subsection (a), the trustee may take any action necessary to sell the
properties to another person that:
(1) satisfies the requirements of IC 4-31 for obtaining a permit
and this article for obtaining a gambling game license; and
(2) is approved by the commission.