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This entry was published on 2014-09-22
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Franchise termination
Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 2
§ 210. Franchise termination. Upon receiving notification, in
accordance with the provisions of section two hundred ten-a of this
article, from any franchised corporation that it intends to relinquish
such franchise prior to the expiration date of such franchise, or that
such franchised corporation intends to end its corporate existence prior
to such expiration date, or upon the revocation of such franchise or
exclusive right to operate and maintain such franchise, the franchise
oversight board shall take such action as is necessary to assure the
continuation of the racing and pari-mutuel activities at the racing
facilities operated pursuant to the franchise agreement.