Virginia Code 59.1-567: Acquisition of interest in fantasy contest operator
Current as of: 2024 | Check for updates
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A. If any person acquires actual control of a registered operator, such person shall register with the Department in accordance with § 59.1-557.
Terms Used In Virginia Code 59.1-567
- Department: means the Department of Agriculture and Consumer Services. See Virginia Code 59.1-556
- operator: means a person or entity that offers fantasy contests for a cash prize to members of the public. See Virginia Code 59.1-556
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
B. Where any such acquisition of control is without prior approval of the Department, the Department may suspend any registration it has issued to such operator, order compliance with this section, or take such other action as may be appropriate within the authority of the Department.