Source: http://wvlegislature.gov/WVCODE/ChapterEntire.cfm?chap=29&art=22B&section=503&year=2019&sessiontype=RS&btype=bill&input=2857
Timestamp: 2019-09-15 10:38:20
Document Index: 483974095

Matched Legal Cases: ['§29', '§29', '§19', '§29', '§29', '§29']

§29-22B-503. Additional qualifications for an applicant for an operator"s license.
(a) No operator"s license or license renewal may be granted unless the Lottery Commission has determined that, in addition to the general requirements set forth in §29-22B-502 of this code, the applicant satisfies all of the following qualifications:
(B) If the applicant is a corporation, partnership or other business entity, the chief executive officer and the majority of the officers, directors, members, and partners (to the extent each of these groups exists with respect to a particular business organization), both in number and percentage of ownership interest, have been citizens of the United States and residents of this state for the four year period immediately preceding the application.
(6) The applicant does not hold any other license under this article, §19-23-1, et seq., §29-22-1, et seq., §29-22A-1, et seq., or §29-25-1, et seq. of this code, except that an applicant may also be licensed as a service technician. In addition, an applicant may also be licensed as a limited video lottery retailer: Provided, That a licensed operator that also is a licensed retailer may operate limited video lottery terminals as a limited video lottery retailer at no more than 10 locations: Provided, however, That the Director may authorize the operator to operate limited video lottery terminals as a limited video lottery retailer at more than 10 locations if the applicant provides sufficient justification that such approval is necessary to sustain state revenues without a detrimental impact on public interest, further shows that a qualified retailer is unavailable and a good faith effort to identify a qualified retailer was made prior to the request, and an explanation of other relevant information supporting such request.
(b)(1) A person or a member of his or her immediate family who has an ownership interest in a business entity that submits an application for an operator"s license may not: (A) Submit an application for another operator"s license as an individual, (B) serve as an officer, director, member, or partner of a business entity that submits an application for another operator"s license, or (C) have an ownership interest in any other business entity that submits an application for an operator"s license.
(2) Business entities that have common owners or common officers, directors, members, or partners may not hold more than one operator"s license.