California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 4 — Horse RacingArticle 4 — Licenses for Track OperatorsSection 19484
Unless the board finds that the purpose of this chapter will be better served thereby, no person licensed under this article to conduct a horseracing meeting at any place, track or inclosure shall own or acquire any stock or hold or obtain any other financial interest in any other track of another such licensee or in the operation thereof, or in the operation of authorized wagering on the results of horseraces at any such other track.
Notes
Prohibits a licensed horse-racing-meeting operator from acquiring stock or another financial interest in another licensee's track, its operation, or authorized wagering there, unless the board finds that allowing the interest would better serve the chapter's purpose. The restriction applies to ownership or acquisition of stock and other financial interests in another licensed track or operation.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19484 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-4/section-19484