{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-4117.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-4117.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-4117.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-4117.html"}],"law_id":77091,"edition_id":1,"section_id":77091,"structure_id":16168,"section_number":"58.1-4117","catch_line":"Acquisition of interest in licensee or permit holder","history":"2020, cc. 1197, 1248.","full_text":"The Department shall require any person desiring to become a principal of, or other investor in, any licensee or holder of a supplier’s permit to apply to the Board for approval and may demand such information of the applicant as it finds necessary. The Board shall consider such application within 60 days of its receipt, and if in its judgment the acquisition by the applicant would be detrimental to the public interest, to the honesty and integrity of gaming operations, or to its reputation, the application shall be denied. All reasonable costs for review by the Board shall be borne by the applicant.","order_by":null,"text":{"0":{"id":276590,"text":"The Department shall require any person desiring to become a principal of, or other investor in, any licensee or holder of a supplier’s permit to apply to the Board for approval and may demand such information of the applicant as it finds necessary. The Board shall consider such application within 60 days of its receipt, and if in its judgment the acquisition by the applicant would be detrimental to the public interest, to the honesty and integrity of gaming operations, or to its reputation, the application shall be denied. All reasonable costs for review by the Board shall be borne by the applicant.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16168,"edition_id":1,"name":"Suspension and Revocation of Licenses and Supplier's Permits; Acquisition of Interest in Licensee or Holder of Supplier's Permit","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":13502,"metadata":{},"date_created":"2026-06-26 04:07:59","date_modified":"2026-06-26 04:07:59","permalink":{"id":259467,"object_type":"structure","relational_id":16168,"identifier":"5","token":"58.1\/IV\/41\/5","url":"\/58.1\/IV\/41\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13502,"edition_id":1,"name":"Casino Gaming","identifier":"41","label":"chapter","depth":3,"order_by":1,"parent_id":13501,"metadata":{},"date_created":"2026-06-26 03:45:05","date_modified":"2026-06-26 03:45:05","permalink":{"id":259321,"object_type":"structure","relational_id":13502,"identifier":"41","token":"58.1\/IV\/41","url":"\/58.1\/IV\/41\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13501,"edition_id":1,"name":"Other Sources of State Revenue","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:45:05","date_modified":"2026-06-26 03:45:05","permalink":{"id":259073,"object_type":"structure","relational_id":13501,"identifier":"IV","token":"58.1\/IV","url":"\/58.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":64346,"structure_id":16168,"section_number":"58.1-4116","catch_line":"Suspension or revocation of license or permit","url":"\/58.1-4116\/","token":"58.1\/IV\/41\/5\/58.1-4116","metadata":false},{"id":77091,"structure_id":16168,"section_number":"58.1-4117","catch_line":"Acquisition of interest in licensee or permit holder","url":"\/58.1-4117\/","token":"58.1\/IV\/41\/5\/58.1-4117","metadata":false}],"previous_section":{"id":64346,"structure_id":16168,"section_number":"58.1-4116","catch_line":"Suspension or revocation of license or permit","url":"\/58.1-4116\/","token":"58.1\/IV\/41\/5\/58.1-4116","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-4117\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapters 1197<\/a> and 1248<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":259473,"object_type":"law","relational_id":77091,"identifier":"58.1-4117","token":"58.1\/IV\/41\/5\/58.1-4117","url":"\/58.1-4117\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-4117\/","token":"58.1\/IV\/41\/5\/58.1-4117","dublin_core":{"Title":"Acquisition of interest in licensee or permit holder","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-4117","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Department<\/span> shall require any person<\/span> desiring to become a principal<\/span> of, or other investor in, any licensee<\/span> or holder of a supplier<\/span>’s permit to apply to the Board<\/span> for approval and may demand such information of the applicant as it finds necessary. The Board<\/span> shall consider such application within 60 days of its receipt, and if in its judgment<\/span> the acquisition by the applicant would be detrimental to the public interest, to the honesty and integrity of gaming operations<\/span>, or to its reputation, the application shall be denied. All reasonable costs for review by the Board<\/span> shall be borne by the applicant.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nACQUISITION OF INTEREST IN LICENSEE OR PERMIT HOLDER (\u00a7 58.1-4117)\n\nThe Department shall require any person desiring to become a principal of, or\nother investor in, any licensee or holder of a supplier’s permit to apply\nto the Board for approval and may demand such information of the applicant as it\nfinds necessary. The Board shall consider such application within 60 days of its\nreceipt, and if in its judgment the acquisition by the applicant would be\ndetrimental to the public interest, to the honesty and integrity of gaming\noperations, or to its reputation, the application shall be denied. All\nreasonable costs for review by the Board shall be borne by the applicant.\n\nHISTORY: 2020, cc. 1197, 1248.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}