§ 217. Revocation of licenses. If any corporation to which a license
shall be granted shall fail or refuse to comply with the provisions of
this chapter, or with the terms and conditions of its license, or if for
any other reason the continuance of such license shall not be deemed
conducive to the interests of legitimate racing, the commission, upon
its own initiative or upon complaint of the jockey club, in the case of
race courses to be used for running races, or upon the complaint of the
national steeplechase and hunt association in the case of race courses
to be used for steeplechases, shall have the power to cancel and revoke
such license. Written notice of such complaint shall be given to such
corporation by the commission within five days after receiving such
complaint, or after determining to take action, which notice shall
specify a time and place of hearing thereon. If the commission cancels
and revokes such license, then all powers exercised under section two
hundred three of this article by the corporation to which such license
was granted shall cease and determine.