California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 5 — The Gambling Control ActArticle 6 — Licensing of Partnerships and Limited Liability CompaniesSection 19893

To the extent required by this chapter, general partners, limited partners, lenders, members, managers, holders of evidence of indebtedness, underwriters, agents, or employees of a partnership or limited liability company that holds or applies for a license to own a gambling enterprise shall be licensed individually. The partnership or limited liability company shall require these persons to apply for and obtain a gambling license. A person who is required to be licensed by this section as a partner, manager, or member shall not hold that position until he or she secures the required approval of, or a temporary license issued by, the commission. A person who is required to be licensed pursuant to a decision of the commission shall apply for a license within 30 days after the commission requests him or her to do so.

Notes

Requires individual licensing, to the extent required by the chapter, of specified partners, lenders, members, managers, debt holders, underwriters, agents, or employees of a partnership or limited liability company owning or seeking a gambling-enterprise license. Bars a required partner, manager, or member from serving before approval or a temporary license and requires commission-directed applicants to apply within 30 days.

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Lexinter.net | California Code, Business and Professions Code - BPC § 19893 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-5/article-6/section-19893

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