§ 2025.052 — APPLICATION.

Texas § 2025.052

• Jurisdiction: Texas
• Code OC: Occupations Code

Text

Sec. 2025.052. APPLICATION. (a) The commission shall require each applicant for an original racetrack license to submit an application, on a form prescribed by the commission, containing the following information:
(1) if the applicant is an individual:
(A) the individual's full name;
(B) the individual's date of birth;
(C) the individual's physical description;
(D) the individual's current address and telephone number; and
(E) a statement by the individual disclosing any arrest or conviction for a felony or for a misdemeanor, except a misdemeanor under Subtitle C, Title 7, Transportation Code, or a similar misdemeanor traffic offense;
(2) if the applicant is a corporation:
(A) the state of incorporation;
(B) the names and addresses of the corporation's agents for service of process in this state;
(C) the name and address of each officer and director of the corporation;
(D) the name and address of each stockholder of the corporation;
(E) for each individual named under this subdivision, the information required by Subdivision (1); and
(F) identification of:
(i) any other beneficial owner of a share in the applicant that has absolute or contingent voting rights;
(ii) any other person who directly or indirectly exercises any participation in the applicant; and
(iii) any other ownership interest in the applicant that the applicant making its best effort is able to identify;
(3) if the applicant is an unincorporated business association:
(A) the name and address of each member of the association and, for each individual named under this subdivision, the information required by Subdivision (1); and
(B) identification of:
(i) any other person who exercises voting rights in the applicant or directly or indirectly exercises any participation in the applicant; and
(ii) any other ownership interest in the applicant that the applicant making its best effort is able to identify;
(4) the exact location at which a race meeting is to be conducted;
(5) if the racetrack is in existence, whether it is owned by the applicant and, if leased to the applicant:
(A) the name and address of the owner; and
(B) if the owner is a corporation or unincorporated business association, the name and address of each officer and director, any stockholder or member, and each agent for service of process in this state;
(6) if construction of the racetrack has not been initiated, whether it is to be owned by the applicant and, if it is to be leased to the applicant:
(A) the name and address of the prospective owner; and
(B) if the owner is a corporation or unincorporated business association, the information required by Subdivision (5)(B);
(7) identification of:
(A) any other beneficial owner of a share that has absolute or contingent voting rights in the owner or prospective owner of the racetrack;
(B) any other person that directly or indirectly exercises any participation in the owner or prospective owner; and
(C) all other ownership interest in the owner or prospective owner that the applicant making its best effort is able to identify;
(8) a detailed statement of the applicant's assets and liabilities;
(9) the type of racing to be conducted and the dates requested;
(10) proof of residency as required by Section 2025.201 ; and
(11) any other information required by the commission.
(b) An application must be sworn to:
(1) by the applicant; or
(2) if the applicant is a corporation or association, by its chief executive officer.
(c) If the applicant is a nonprofit corporation, only directors and officers of the corporation must disclose the information required under Subsection (a)(2).

Legislative History

Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969 ), Sec. 1.01, eff. April 1, 2019.