California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 4 — Horse RacingArticle 2 — General Administration and EnforcementSection 19423
A person is disqualified from membership on the board if the person, the person’s spouse or any dependent child thereof:
(a) Holds a financial interest in any horse racing track.
(b) Holds a financial interest or position of management with any business entity which conducts parimutuel horse racing.
(c) Holds a financial interest in a management or concession contract with any business entity which conducts parimutuel horse racing.
Notes
Bars a person from board membership if the person, the person's spouse, or any dependent child has a financial interest in a horse racing track; a financial interest or management position in a business conducting parimutuel horse racing; or a financial interest in a management or concession contract with such a business.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19423 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-2/section-19423