New Hampshire Revised Statutes 284:15 – License
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I. Any person, association, or corporation desiring to hold or simulcast a running or harness horse race or meet for public exhibition, at or for which pari-mutuel pools are to be sold, shall apply to said lottery commission for a license to do so. The application shall be signed and sworn to by the person or executive officer of the association or corporation and shall contain the following information:
(a) The full name and address of the person, association, or corporation.
(b) If an association, the names and residences of the members of the association.
(c) If a corporation, the name of the state under which it is incorporated with its principal place of business and the names and addresses of its directors and stockholders.
(d) The exact location where it is desired to conduct or hold races or race meets.
(e) Whether or not the racing plant is owned or leased, and if leased, the name and residence of the fee owner, or if a corporation, of the directors and stockholders thereof.
(f) A statement of the assets and liabilities of the person, association, or corporation making such application.
(g) Such other information as the lottery commission may require.
II. It shall be the responsibility of any license applicant or holder to inform the lottery commission immediately of any material change or anticipated material change in the information required in this section.
III. The lottery commission shall have the power to require, at the applicant’s or holder’s expense, that any financial information provided under paragraphs I and II be verified by an audit performed by a certified public accountant. The lottery commission shall have the further power to require that as a condition of securing a license or of continuing to hold a license the license applicant or holder make available its books and records so as to permit the lottery commission to perform such independent auditing or financial analysis as the lottery commission may deem necessary. In so doing, the lottery commission may employ certified public accountants and any other financial analysts or investigators necessary to perform said auditing and may bill the license applicant or holder for all costs associated with the auditing.
(a) The full name and address of the person, association, or corporation.
Terms Used In New Hampshire Revised Statutes 284:15
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
- sworn: when applied to public officers required by the constitution to take oaths therein prescribed, shall refer to those oaths; when applied to other officers it shall mean sworn to the faithful discharge of the duties of their offices before a justice of the peace, or other person authorized to administer official oaths in such cases. See New Hampshire Revised Statutes 21:25
(b) If an association, the names and residences of the members of the association.
(c) If a corporation, the name of the state under which it is incorporated with its principal place of business and the names and addresses of its directors and stockholders.
(d) The exact location where it is desired to conduct or hold races or race meets.
(e) Whether or not the racing plant is owned or leased, and if leased, the name and residence of the fee owner, or if a corporation, of the directors and stockholders thereof.
(f) A statement of the assets and liabilities of the person, association, or corporation making such application.
(g) Such other information as the lottery commission may require.
II. It shall be the responsibility of any license applicant or holder to inform the lottery commission immediately of any material change or anticipated material change in the information required in this section.
III. The lottery commission shall have the power to require, at the applicant’s or holder’s expense, that any financial information provided under paragraphs I and II be verified by an audit performed by a certified public accountant. The lottery commission shall have the further power to require that as a condition of securing a license or of continuing to hold a license the license applicant or holder make available its books and records so as to permit the lottery commission to perform such independent auditing or financial analysis as the lottery commission may deem necessary. In so doing, the lottery commission may employ certified public accountants and any other financial analysts or investigators necessary to perform said auditing and may bill the license applicant or holder for all costs associated with the auditing.