§3A-205.2a.

§3A-205.2a.
   
   Whenever an organization license to conduct a horse race meeting has
   been issued, no person shall in any manner become the owner or holder,
   directly or indirectly, of any shares of stock or certificates or
   other evidence of ownership of any interest in such organization
   licensee without first having obtained the approval of the Commission.
   The Commission may, after hearing, revoke such organization license
   granted to any person which shall register on its books in the name of
   any person its shares of stock or certificates or other evidence of
   ownership of any interest in such organization licensee without the
   approval of the Commission having first been obtained, or which shall
   knowingly permit a person to be directly or indirectly interested in
   its shares of stock or certificates or other evidence of ownership of
   any interest in such organization license without reporting the same
   to the Commission. Whenever the Commission gives to any person its
   approval to own or hold the shares of stock or certificates or other
   evidence of ownership of any interest in any such organization
   licensee it shall by registered mail notify the secretary of such
   licensee of such approval. Under no circumstances shall the Commission
   give such approval to any person who has been convicted of a felony or
   a crime involving moral turpitude, unless said person has been granted
   a full and unconditional pardon. Under no circumstances shall the
   Commission give such approval to any person who has violated any of
   the provisions of the racing laws of this state or any other state, or
   has at any time been denied a license or permit of any kind by the
   Commission.