All the stockholders or members of a corporation which leases horses for racing purposes in South Dakota and all such corporations shall file with the commission when requested reports containing information specified by the commission. The commission may refuse or revoke a license to a lessee of such a corporation upon refusal or failure to file a report.

Source: 5 SDR 87, effective April 15, 1979; transferred from § 20:04:06:06, 9 SDR 122, effective March 31, 1983; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 42-7-56.

Law Implemented: SDCL 42-7-56.