Without the prior approval of the Arkansas Racing Commission, neither the private investment company, nor any of its affiliated, intermediary, or subsidiary companies who have been found suitable by the commission pursuant to this part, shall declare any dividends or distributions on any class of securities to any person who has not been licensed or found suitable by the commission, provided, however, that any of the foregoing entities may, with the prior administrative approval of the commission or the commission’s designee, pay dividends and make distributions to their direct or indirect equity owners who have not been licensed or found suitable by the commission for the purpose of defraying tax liabilities and tax-related expenses of such direct or indirect equity owners that arise directly out of such direct or indirect ownership interest, and further provided that any of the foregoing entities may, upon five (5) days’ prior written notice to the commission, make distributions to their direct or indirect equity owners who have not been licensed or found suitable by the commission for the purpose of the payment of debt service by such direct or indirect equity owners for debt incurred in connection with the acquisition of any licensed subsidiary or the assets comprising a licensed establishment.