Bus. & Prof. Code, § 19482 · Article 4. Licenses for Track Operators
Bus. & Prof. Code, § 19482
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
No license to conduct a horse racing meeting shall be issued to any of the following:
(a) Any nonprofit corporation entitled to an exemption from any tax imposed by this State.
(b) Any applicant who proposes to conduct a horse racing meeting for the benefit of any such nonprofit corporation or under any arrangement pursuant to which such nonprofit corporation is to share in the receipts of the licensee from the conduct of such meeting, whether by rentals or otherwise.
Nothing in this section prohibits the board, in its discretion, from issuing a license to conduct a horse racing meeting to any corporation to which it has, prior to September 7, 1955, issued a license to conduct such a meeting.
Notes and commentary — not statutory text
History
Repealed and added by Stats. 1959, Ch. 1828.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=19482.
- Text hash
- sha256 23dd91ae9672084c8c67e6b8295c29e65ca11e8aef8f0aeb010f3777dc31ae5d
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
Provisions in this library whose text cites Bus. & Prof. Code, § 19482. Each shows the citation as that text prints it.
Business and Professions Code
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