A pari-mutuel ticket is evidence of a contribution to the pari-mutuel pool operated by the licensee association and of the obligation of the association to pay to the holder thereof the portion of the distributable amount of the pari-mutuel pool represented by the valid pari-mutuel ticket. The association shall cash all valid unmutilated winning tickets when the tickets are presented for payment during the course of the meeting where sold, and until May 15 of the year following the year in which the meeting ends.
Cal. Code Regs. Tit. 4, § 1951
2. Amendment of first paragraph, subsection (a)(5) and subsection (c) filed 1-27-93; operative 2-26-93 (Register 93, No. 5).
3. Amendment of first paragraph filed 11-14-95; operative 12-14-95 (Register 95, No. 46).
4. Change without regulatory effect amending section heading and section filed 12-6-99 pursuant to section 100, title 1, California Code of Regulations (Register 99, No. 50).
Note: Authority cited: Section 19590, Business and Professions Code. Reference: Sections 19592 and 19598, Business and Professions Code.
2. Amendment of first paragraph, subsection (a)(5) and subsection (c) filed 1-27-93; operative 2-26-93 (Register 93, No. 5).
3. Amendment of first paragraph filed 11-14-95; operative 12-14-95 (Register 95, No. 46).
4. Change without regulatory effect amending section heading and section filed 12-6-99 pursuant to section 100, title 1, California Code of Regulations (Register 99, No. 50).