§ 19484 Cross-Ownership Prohibition

Business and Professions Code·California

AI SummaryVerified

Key Takeaways

•If you own a horse racing track, you usually can't own part of another track.
•The rule is to keep things fair and stop one person from controlling too much.
•Sometimes the board can say it's okay if they think it's better for horse racing.

Example

If you own a horse racing track and want to buy part of another track.

You can't do it unless the board says it's okay. They want to make sure one person doesn't control too many tracks.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 19484 Cross-Ownership Prohibition

Unless the board finds that the purpose of this chapter will be better served thereby, no person licensed under this article to conduct a horseracing meeting at any place, track or inclosure shall own or acquire any stock or hold or obtain any other financial interest in any other track of another such licensee or in the operation thereof, or in the operation of authorized wagering on the results of horseraces at any such other track. (Amended by Stats. 1963, Ch. 2059.)

Last verified: January 22, 2026

Key Terms

horseracing meeting financial interest board licensee

References

Official text at leginfo.legislature.ca.gov
California Legislature. Business and Professions Code. Section 19484.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References