Section 431.319a - Surrender, revocation, or escrow of license; disposition of purse pool money. - Michigan Statutes

HORSE RACING LAW OF 1995 (EXCERPT)
Act 279 of 1995

431.319a Surrender, revocation, or escrow of license; disposition of purse pool money.

Sec. 19a.

If a thoroughbred track license is surrendered, revoked, or escrowed, or after January 1, 1998, a licensed thoroughbred track is closed, the racing commissioner shall order the deposit of horsemen's purse pool money deposited and distributed pursuant to section 19 to a depository designated by a race meeting licensee upon written direction of the affected certified horsemen's organization regardless of whether there was racing at the race meeting licensee's location during the previous year.

History: Add. 1998, Act 408, Imd. Eff. Dec. 21, 1998