Indiana § 4-35-5-4 Expiration of license; renewal

Indiana Statutes

§ 4-35-5-4 — Expiration of license; renewal

Indiana § 4-35-5-4

Art. 35GAMBLING GAMES AT RACETRACKS

Ch. 5Gambling Game License

This text of Indiana § 4-35-5-4 (Expiration of license; renewal) 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 § 4-35-5-4 (2026).

Text

(a)An initial gambling game license expires five

(5)years after the effective date of the license. Unless the gambling game license is terminated or revoked, the gambling game license may be renewed annually thereafter upon:

(1)the payment of an annual renewal fee of one hundred dollars ($100) per slot machine operated by the licensee; and

(2)a determination by the commission that the licensee satisfies the conditions of this chapter. Renewal fees paid under this section shall be deposited in the state general fund.

(b)Except as provided in subsection (c), an initial gaming license may not be transferred by the initial licensee for at least five (5) years after the effective date of the license.

(c)A gambling game license may be transferred for any of the following reasons:

(1)As a

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(a) An initial gambling game license expires five
(5) years after the effective date of the license. Unless the gambling
game license is terminated or revoked, the gambling game license may
be renewed annually thereafter upon:
(1) the payment of an annual renewal fee of one hundred dollars
($100) per slot machine operated by the licensee; and
(2) a determination by the commission that the licensee satisfies
the conditions of this chapter.
Renewal fees paid under this section shall be deposited in the state
general fund.
(b) Except as provided in subsection (c), an initial gaming license
may not be transferred by the initial licensee for at least five (5) years
after the effective date of the license.
(c) A gambling game license may be transferred for any of the
following reasons:
(1) As a result of a bankruptcy, a receivership, or a debt
adjustment initiated by or against the initial licensee or the
substantial owners of the initial licensee.
(2) Because:
(A) the licensee's license has been cancelled, terminated, or
revoked by the commission; or
(B) the commission determines that transferring the license is
in the best interests of Indiana.
(3) Because of the death of a substantial owner of the initial
licensee.
A transfer permitted under this subsection is subject to section 7 of this
chapter.