Washington Administrative Code › Title 260 - Horse Racing Commission › Chapter 260-13 - Class A, B, and C license - Horse racing facilities › Section 260-13-520 - Disclosure of ownership and/or control

Current through Register Vol. 24-14, July 15, 2024
An application for a Class A, B, or C license must disclose the
				following:
(1) The organizational
			 structure of the applicant, whether individual business, corporation, nonprofit
			 corporation, partnership, joint venture, trust, association, or
			 other;
(2) If the applicant is an
			 individual, the applicant's full legal name, whether the applicant is a United
			 States citizen, any aliases and business names currently used by the applicant,
			 and copies of state and federal tax returns for the past five years;
(3) If the applicant is a corporation:
(a) The applicant's full corporate name and
			 any trade names currently used by the applicant;
(b) The jurisdiction and date of
			 incorporation;
(c) The date the
			 applicant began doing business in Washington and, if the applicant is
			 incorporated outside Washington, a copy of the applicant's certificate of
			 authority to do business in Washington;
(d) Copies of the applicant's articles of
			 incorporation, bylaws, and state and federal corporate tax returns for the past
			 five years;
(e) The general nature
			 of the applicant's business;
(f)
			 Whether the applicant is publicly held as defined by the rules and regulations
			 of the Securities and Exchange Commission;
(g) The classes of stock of the applicant. As
			 to each class, the number of shares authorized, number issued, number
			 outstanding, par value per share, issue price, current market price, number of
			 shareholders, terms, position, rights, and privileges must be
			 disclosed;
(h) If the applicant has
			 any other obligations or securities authorized or outstanding which bear voting
			 rights either absolutely or upon any contingency, the nature thereof, face or
			 par value, number of units authorized, number outstanding, and conditions under
			 which they may be voted;
(i) The
			 names, in alphabetical order, addresses and telephone numbers of the directors
			 and, in a separate listing, officers of the applicant. As to each director and
			 officer, the number of shares held of record as of the application date or
			 beneficially of each class of stock, including stock options and subscriptions,
			 and units held of record or beneficially of other obligations or securities
			 which bear voting rights must be disclosed;
(j) The names, in alphabetical order,
			 addresses and telephone numbers of each record holder as of the date of
			 application or beneficial owner of shares, including stock options and
			 subscriptions, of the applicant or units of other obligations or securities
			 which bear voting rights. For each holder of shares or units, the number and
			 class or type of shares or units must be disclosed;
(k) Whether the requirements of the
			 Securities Act of 1933 and Securities and Exchange Act of 1934, as amended, and
			 Securities and Exchange Commission rules and regulations have been met in
			 connection with issuance of applicant's securities, and copies of most recent
			 registration statement and annual report filed with the Securities and Exchange
			 Commission;
(l) Whether the
			 securities registration and filing requirements of the applicant's jurisdiction
			 of incorporation have been met and a copy of most recent registration statement
			 filed with the securities regulator in that jurisdiction; and
(m) Whether the securities registration and
			 filing requirements of the state of Washington have been met. If they have not,
			 the applicant must disclose the reasons why. The applicant must provide copies
			 of all securities filings with the Washington department of financial
			 institutions securities division during the past five years;