§ 19901 Gambling Operation Financial Restrictions

Business and Professions Code·California

AI SummaryReview recommended

You can't sell, buy, lease, borrow, loan money or make any kind of agreement with a gambling license holder unless the gaming commission says it's allowed.

Key Takeaways

•No money deals (sell, buy, lease, borrow, loan) with a gambling licensee unless the commission permits it.
•No voting trust or any other agreement with a gambling licensee unless the commission permits it.
•All such transactions must follow the commission’s regulations.

Example

A person lends $10,000 to a casino that has a gambling license, but they never get permission from the gaming commission.

Because they gave money to the casino without the commission's okay, they are breaking the law.

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

Official Source

View on CA.gov

§ 19901 Gambling Operation Financial Restrictions

It is unlawful for any person to sell, purchase, lease, hypothecate, borrow or loan money, or create a voting trust agreement or any other agreement of any sort to, or with, any licensee in connection with any controlled gambling operation licensed under this chapter or with respect to any portion of the gambling operation, except in accordance with the regulations of the commission.

Last verified: February 26, 2026

References

Official text at leginfo.legislature.ca.gov
California Legislature. Business and Professions Code. Section 19901.

Key Takeaways

Example

Related Statutes

References

Key Takeaways

Example

Related Statutes

References