Tennessee Code 4-49-120 – Persons prohibited from obtaining licenses
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The council shall not grant a license or approve a registration for an applicant that has one (1) or more of the following individuals associated with it as key personnel:
Terms Used In Tennessee Code 4-49-120
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Council: means the sports wagering council. See Tennessee Code 4-49-102
- Key personnel: means individuals who have the power to exercise significant influence over sports wagering in this state and who are associated with the applicant for licensure or registration as:
(i) A principal owner of more than five percent (5%) of the applicant. See Tennessee Code 4-49-102 - License: means a license to accept wagers from bettors on sporting events issued under §. See Tennessee Code 4-49-102
- Person: means an individual, group of individuals, trust, or business entity. See Tennessee Code 4-49-102
- Sporting event: means any professional sporting or athletic event, including motorsports and e-sports, any collegiate sporting or athletic event, or any Olympic sporting or athletic event sanctioned by a national or international organization or association. See Tennessee Code 4-49-102
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105