19483. Unless the board finds that the purpose of this chapter will be better served thereby, no license to conduct a horseracing meeting at any track shall be issued to any person or held by any person having any financial interest in the conduct of any horseracing meeting by any other person at any other track in this State.
Ownership of stock in one corporation by another corporation constitutes a financial interest within the meaning of this section.
(Amended by Stats. 1963, Ch. 2059.)