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This entry was published on 2014-09-22
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Acquisition of racing facilities
Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 2
§ 214. Acquisition of racing facilities. Any franchised corporation
desiring to acquire racing facilities, including real estate, or the
capital stock of one or more racing associations shall apply to the
franchise oversight board for approval of such acquisition. If in the
judgment of such board the public interest, convenience or necessity and
the best interest of racing generally will be served thereby, such board
shall enter an order granting approval of such acquisition and of the
terms thereof.