Section 11-503 – Stalls
(a) (1) Subject to paragraph (2) of this subsection, a licensee shall give preference in stall allocation to a trainer: (i) who has a permanent residence in the State; and (ii) whose horse qualifies under the eligibility rules that the Commission or a licensee adopts. (2) A licensee need not allocate more than 60% of the licensee’s stalls to trainers […]
Section 11-212 – Testing Laboratory
(a) The Commission may maintain a testing laboratory and have tests done elsewhere. (b) (1) Each licensee shall pay a fraction of the yearly costs of the testing laboratory and of the tests done elsewhere. (2) The numerator of the fraction shall be the number of racing days with pari-mutuel betting privileges that the licensee holds during the year. […]
Section 11-314 – Beneficial Ownership
(a) The Commission shall require each licensee to keep records that show the beneficial ownership of the stock of the licensee, whether or not the beneficial ownership is registered or stated on the stock. (b) (1) The Commission shall require a licensee at least once each calendar year to get by written request an affidavit from each owner […]
Section 11-213 – Annual Report
(a) On or before September 15 of each year, the Commission shall submit a report to the Secretary and, in accordance with § 2–1257 of the State Government Article, the Legislative Policy Committee about the preceding calendar year. (b) Each report shall include: (1) a statement of receipts and disbursements of the Commission; (2) a summary of major events […]
Section 11-315 – Disclosure Statements to Be Signed Under Oath
A statement required to be submitted to the Commission under § 11-313 or § 11-314 of this subtitle shall be under oath and signed by each officer of the corporate licensee or by the owner or each partner of an unincorporated licensee.
Section 11-214 – Authority of Secretary
The Commission exercises its powers and performs its duties subject to the authority of the Secretary.
Section 11-316 – Background Review of Prospective Buyers
(a) Before a prospective buyer buys a majority controlling interest in a licensee, the Commission shall review the personal and financial background of the prospective buyer. (b) (1) The Commission shall adopt regulations to carry out this section. (2) The regulations shall: (i) require a personal and financial background check of the prospective buyer; (ii) specify a period of time to […]
Section 11-301 – “Beneficial Ownership” Defined
In this subtitle, “beneficial ownership” includes: (1) record ownership; (2) stock or other ownership in an entity in a chain of parent and subsidiary or affiliated entities, any 1 of which participates in the capital or profits of a licensee, regardless of the percentage of ownership involved; (3) an interest that entitles a person to benefits substantially equivalent […]
Section 11-302 – License Required
A person must have an appropriate license whenever the person holds a race meeting in the State where pari-mutuel betting is allowed or a purse, reward, or stake is offered.
Section 11-303 – Applications for Licenses
(a) An applicant for a license shall submit to the executive director of the Commission an application: (1) in the form that the Commission requires; and (2) on or before a day that the Commission sets. (b) The application shall state: (1) the dates of the race meetings desired; (2) the maximum number of racing days desired; and (3) any other information […]