TX Occ Code § 2025.052 (2021)
2021 Texas Statutes|Occupations Code|Title 13 - Sports, Amusements, and Entertainment|Subtitle A-1 - Texas Racing Act|Chapter 2025 - Licensing|Subchapter B. Racetrack License Application Requirements|Section 2025.052. Application

Sec. 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; 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).|Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.|