Indiana Statutes
§ 4-35-12-8 — Duty of racetrack owner to sell a racetrack at which a trustee conducts gambling games
Indiana·Art. 35 GAMBLING GAMES AT RACETRACKS·Ch. 12 Gambling Games Temporarily Conducted by a Trustee
(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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Indiana § 4-35-12-8 (Duty of racetrack owner to sell a racetrack at which a trustee conducts gambling games) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.142-2009, SEC.28.
Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency compliance