Section 431.326 - Applicability of act to county or state fairs or agricultural or livestock exhibitions(1) Except as provided for in section 20, this act applies to county or state fairs or to agricultural or livestock exhibitions only if the pari-mutuel system of wagering upon the result of horse racing is conducted.(2) This act does not permit the pari-mutuel system of wagering upon a racetrack unless the racetrack is licensed as provided by this act. A person shall not permit, conduct, or supervise upon racetrack grounds, the pari-mutuel system of wagering, except in accordance with this act.1995, Act 279, Imd. Eff. 1/9/1996 .