Ill. Admin. Code tit. 11 § 1305.80
Current through Register Vol. 48, No. 49, December 6, 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 race track operator, unless the Board has granted prior approval. The sale or transfer of 25 per cent or more of the equity of a race track operator shall be considered a substantial change of ownership.
Ill. Admin. Code tit. 11, § 1305.80