Tex.
Occ. Code Section 2025.052
Application
(a)
The commission shall require each applicant for an original racetrack license to submit an application, on a form prescribed by the commission, containing the following information:(1)
if the applicant is an individual:(A)
the individual’s full name;(B)
the individual’s date of birth;(C)
the individual’s physical description;(D)
the individual’s current address and telephone number; and(E)
a statement by the individual disclosing any arrest or conviction for a felony or for a misdemeanor, except a misdemeanor under Subtitle C, Title 7, Transportation Code, or a similar misdemeanor traffic offense;(2)
if the applicant is a corporation:(A)
the state of incorporation;(B)
the names and addresses of the corporation’s agents for service of process in this state;(C)
the name and address of each officer and director of the corporation;(D)
the name and address of each stockholder of the corporation;(E)
for each individual named under this subdivision, the information required by Subdivision (1); and(F)
identification of:(i)
any other beneficial owner of a share in the applicant that has absolute or contingent voting rights;(ii)
any other person who directly or indirectly exercises any participation in the applicant; and(iii)
any other ownership interest in the applicant that the applicant making its best effort is able to identify;(3)
if the applicant is an unincorporated business association:(A)
the name and address of each member of the association and, for each individual named under this subdivision, the information required by Subdivision (1); and(B)
identification of:(i)
any other person who exercises voting rights in the applicant or directly or indirectly exercises any participation in the applicant; and(ii)
any other ownership interest in the applicant that the applicant making its best effort is able to identify;(4)
the exact location at which a race meeting is to be conducted;(5)
if the racetrack is in existence, whether it is owned by the applicant and, if leased to the applicant:(A)
the name and address of the owner; and(B)
if the owner is a corporation or unincorporated business association, the name and address of each officer and director, any stockholder or member, and each agent for service of process in this state;(6)
if construction of the racetrack has not been initiated, whether it is to be owned by the applicant and, if it is to be leased to the applicant:(A)
the name and address of the prospective owner; and(B)
if the owner is a corporation or unincorporated business association, the information required by Subdivision (5)(B);(7)
identification of:(A)
any other beneficial owner of a share that has absolute or contingent voting rights in the owner or prospective owner of the racetrack;(B)
any other person that directly or indirectly exercises any participation in the owner or prospective owner; and(C)
all other ownership interest in the owner or prospective owner that the applicant making its best effort is able to identify;(8)
a detailed statement of the applicant’s assets and liabilities;(9)
the type of racing to be conducted and the dates requested;(10)
proof of residency as required by Section 2025.201 (Grounds for Denial, Revocation, or Suspension of Racetrack License); and(11)
any other information required by the commission.(b)
An application must be sworn to:(1)
by the applicant; or(2)
if the applicant is a corporation or association, by its chief executive officer.(c)
If the applicant is a nonprofit corporation, only directors and officers of the corporation must disclose the information required under Subsection (a)(2).
Source:
Section 2025.052 — Application, https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2025.htm#2025.052 (accessed May 11, 2024).
