Cal. Bus. & Prof. Code § 19858.5

Current through the 2023 Legislative Session.
Section 19858.5 - Deemed suitable to hold state gambling license

Notwithstanding Section 19858, the commission may, pursuant to this chapter, deem an applicant or licensee suitable to hold a state gambling license even if the applicant or licensee has a financial interest in another business that conducts lawful gambling outside the state that, if conducted within California, would be unlawful, provided that an applicant or licensee may not own, either directly or indirectly, more than a 1 percent interest in, or have control of, that business.

Ca. Bus. and Prof'l. Code § 19858.5

Added by Stats 2007 ch 294 (SB 289),s 2, eff. 10/5/2007.