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California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 5 — The Gambling Control ActArticle 6 — Licensing of Partnerships and Limited Liability CompaniesSection 19891

No limited partnership is eligible to receive a license to own a gambling enterprise unless the conduct of gambling is among the purposes stated in the certificate of limited partnership.

Notes

Requires a limited partnership seeking a license to own a gambling enterprise to state the conduct of gambling among the purposes in its certificate of limited partnership. A limited partnership whose certificate does not include gambling as a stated purpose is not eligible for that ownership license.

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Lexinter.net | California Code, Business and Professions Code - BPC § 19891 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-5/article-6/section-19891

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