Before a license or racing days may be transferred to a buyer or a lessee of a track:
(1) the Legislative Policy Committee shall have been notified at least 15 days before the transfer;
(2) the Legislative Policy Committee, if it has chosen to do so, shall have provided comment to the Commission about the transfer; and
(3) the transfer shall have been approved by the Commission.
Structure Maryland Statutes
Subtitle 3 - Licensing and Responsibilities of Licensees
Section 11-301 - "Beneficial Ownership" Defined
Section 11-302 - License Required
Section 11-303 - Applications for Licenses
Section 11-304 - Issuance of License
Section 11-305 - Controls on Licensees
Section 11-306 - No Right of Ownership in Racing Day
Section 11-307 - Return of Fees; Award of Replacement Days
Section 11-308 - Denials, Reprimands, Suspensions, and Revocations -- Grounds; Penalty
Section 11-309 - Denials, Reprimands, Suspensions, and Revocations -- Hearings
Section 11-310 - Racing Commission Hearing Committee
Section 11-311 - Judicial Review
Section 11-312 - Fingerprints; Criminal History Record
Section 11-313 - Financial Disclosure by Licensees
Section 11-314 - Beneficial Ownership
Section 11-315 - Disclosure Statements to Be Signed Under Oath
Section 11-316 - Background Review of Prospective Buyers
Section 11-318 - Approval Required for Agreements and Improvements