Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE11. ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING |
PART1305. RACE TRACK OPERATORS AND THEIR DUTIES |
§1305.55. Written Disclosure for Corporations
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Where a corporation owns 25 per cent or more of the equity of an applicant for dates, holders of 10 per cent or more of its capital stock shall make written disclosure under these rules and regulations on the forms prescribed; provided, however, that this rule shall not apply to any corporation, the securities of which are registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the rules and regulations issued thereunder. Corporations qualifying under this exemption shall file with the Board copies of all papers filed with the Securities and Exchange Commission.