West Virginia § 29-22B-507 Persons having control of an applicant for a limited video lottery license

West Virginia Statutes

§ 29-22B-507 — Persons having control of an applicant for a limited video lottery license

West Virginia § 29-22B-507

Ch. 29MISCELLANEOUS BOARDS AND OFFICERS

Art. 22BLIMITED VIDEO LOTTERY

This text of West Virginia § 29-22B-507 (Persons having control of an applicant for a limited video lottery license) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 29-22B-507 (2026).

Text

The following persons are considered to have control of an applicant:

(1)Each person associated with a corporate applicant, including any corporate holding company, parent company or subsidiary company of the applicant, but not including a bank or other licensed lending institution which holds a mortgage or other lien acquired in the ordinary course of business, who has the ability to control the activities of the corporate applicant or elect a majority of the board of directors of that corporation.

(2)Each person associated with a noncorporate applicant who directly or indirectly holds any beneficial or proprietary interest in the applicant or who the commission determines to have the ability to control the applicant.

(3)Key personnel of an applicant, including any executive, employ

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The following persons are considered to have control of an applicant:

(1) Each person associated with a corporate applicant, including any corporate holding company, parent company or subsidiary company of the applicant, but not including a bank or other licensed lending institution which holds a mortgage or other lien acquired in the ordinary course of business, who has the ability to control the activities of the corporate applicant or elect a majority of the board of directors of that corporation.

(2) Each person associated with a noncorporate applicant who directly or indirectly holds any beneficial or proprietary interest in the applicant or who the commission determines to have the ability to control the applicant.

(3) Key personnel of an applicant, including any executive, employee or agent, having the power to exercise significant influence over decisions concerning any part of the applicant's business operation.