Ill. Admin. Code tit. 11 § 1407.24
Current through Register Vol. 48, No. 33, August 16, 2024
Racing dates and the license to conduct a horse race meeting are deemed personal in nature and non-transferable, and will terminate upon a substantial change of ownership of the operator, unless the Board has granted prior approval. The sale or transfer of 25 per cent or more of the equity of an operator shall be considered a substantial change of ownership.
Ill. Admin. Code tit. 11, § 1407.24