Reporting requirements for certain holding companies
Arkansas Constitution, Amendment 100, sec. 4
- (a) Each holding company which is a firm, partnership, trust, or other form of business organization not a natural person or a corporation, must furnish the Arkansas Racing Commission with information analogous to the following.
(b) If a corporation, partnership, limited partnership, limited liability company, or other business organization applying for or holding a license is or becomes a subsidiary, each holding company and each intermediary company with respect thereto must:
- (1) Qualify to do business in the State of Arkansas; and
(2) If it is a corporation, register with the commission and furnish:
- (A) A complete list of all stockholders when it first registers, and annually thereafter, within thirty (30) days after the annual meeting of the stockholders of the corporation, showing the number of shares held by each;
- (B) The names of all corporate officers within thirty (30) days of their appointment; and
- (C) The names of all members of the board of directors within thirty (30) days of their election.