{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-558.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-558.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-558.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-558.html"}],"law_id":75725,"edition_id":1,"section_id":75725,"structure_id":15789,"section_number":"59.1-558","catch_line":"Issuance of registration; denial of same","history":"2016, cc. 318, 703.","full_text":"A\n\nThe Department shall consider all applications for registration and shall issue a valid registration to an applicant that meets the criteria set forth in this chapter.B\n\nThe Department shall deny registration to any applicant unless it finds that:1\n\nIf the corporation is a stock corporation, such stock is fully paid and nonassessable and has been subscribed and paid for only in cash or property to the exclusion of past services and, if the corporation is a nonstock corporation, that there are at least five members;2\n\nAll principal stockholders or members have submitted to the jurisdiction of the Virginia courts for the purposes of this chapter, and all nonresident principal stockholders or members have designated the Commissioner of the Department as their agent for receipt of process;3\n\nThe applicant’s articles of incorporation provide that the corporation may, on vote of a majority of the stockholders or members, purchase at fair market value the entire membership interest of any stockholder or require the resignation of any member who is or becomes unqualified for such position under subsection C; and4\n\nThe applicant meets the criteria established by the Department for the granting of registration.C\n\nThe Department may deny registration to an applicant if it finds that the applicant, or any officer, partner, principal stockholder, or director of the applicant:1\n\nHas knowingly made a false statement of material fact or has deliberately failed to disclose any information requested;2\n\nIs or has been found guilty of any illegal, corrupt, or fraudulent act, practice, or conduct in connection with any fantasy contest in this or any other state or has been convicted of a felony, a crime of moral turpitude, or any criminal offense involving dishonesty or breach of trust within the 10 years prior to the date of application for registration;3\n\nHas at any time knowingly failed to comply with the provisions of this chapter or of any requirements of the Department;4\n\nHas had a registration or permit to hold or conduct fantasy contests denied for just cause, suspended, or revoked in any other state or country;5\n\nHas legally defaulted in the payment of any obligation or debt due to the Commonwealth; or6\n\nIs not qualified to do business in the Commonwealth or is not subject to the jurisdiction of the courts of the Commonwealth.D\n\nAny operator applying for registration or renewal of a registration may operate during the application period unless the Department has reasonable cause to believe that such operator is or may be in violation of the provisions of this chapter and the Department requires such operator to suspend the operation of any fantasy contest until registration or renewal of registration is issued.E\n\nThe Department shall issue such registration within 60 days of receipt of the application for registration. If the registration is not issued, the Department shall provide the operator with the justification for not issuing such registration with specificity.","order_by":null,"text":{"0":{"id":271908,"text":"The Department shall consider all applications for registration and shall issue a valid registration to an applicant that meets the criteria set forth in this chapter.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":271909,"text":"The Department shall deny registration to any applicant unless it finds that:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":271910,"text":"If the corporation is a stock corporation, such stock is fully paid and nonassessable and has been subscribed and paid for only in cash or property to the exclusion of past services and, if the corporation is a nonstock corporation, that there are at least five members;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":271911,"text":"All principal stockholders or members have submitted to the jurisdiction of the Virginia courts for the purposes of this chapter, and all nonresident principal stockholders or members have designated the Commissioner of the Department as their agent for receipt of process;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":271912,"text":"The applicant’s articles of incorporation provide that the corporation may, on vote of a majority of the stockholders or members, purchase at fair market value the entire membership interest of any stockholder or require the resignation of any member who is or becomes unqualified for such position under subsection C; and","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"5":{"id":271913,"text":"The applicant meets the criteria established by the Department for the granting of registration.","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"C"},"6":{"id":271914,"text":"The Department may deny registration to an applicant if it finds that the applicant, or any officer, partner, principal stockholder, or director of the applicant:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B4","next_prefix":"C1"},"7":{"id":271915,"text":"Has knowingly made a false statement of material fact or has deliberately failed to disclose any information requested;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"8":{"id":271916,"text":"Is or has been found guilty of any illegal, corrupt, or fraudulent act, practice, or conduct in connection with any fantasy contest in this or any other state or has been convicted of a felony, a crime of moral turpitude, or any criminal offense involving dishonesty or breach of trust within the 10 years prior to the date of application for registration;","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"9":{"id":271917,"text":"Has at any time knowingly failed to comply with the provisions of this chapter or of any requirements of the Department;","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"C4"},"10":{"id":271918,"text":"Has had a registration or permit to hold or conduct fantasy contests denied for just cause, suspended, or revoked in any other state or country;","type":"section","prefixes":["C","4"],"prefix":"4","entire_prefix":"C4","prefix_anchor":"C4","level":2,"prior_prefix":"C3","next_prefix":"C5"},"11":{"id":271919,"text":"Has legally defaulted in the payment of any obligation or debt due to the Commonwealth; or","type":"section","prefixes":["C","5"],"prefix":"5","entire_prefix":"C5","prefix_anchor":"C5","level":2,"prior_prefix":"C4","next_prefix":"C6"},"12":{"id":271920,"text":"Is not qualified to do business in the Commonwealth or is not subject to the jurisdiction of the courts of the Commonwealth.","type":"section","prefixes":["C","6"],"prefix":"6","entire_prefix":"C6","prefix_anchor":"C6","level":2,"prior_prefix":"C5","next_prefix":"D"},"13":{"id":271921,"text":"Any operator applying for registration or renewal of a registration may operate during the application period unless the Department has reasonable cause to believe that such operator is or may be in violation of the provisions of this chapter and the Department requires such operator to suspend the operation of any fantasy contest until registration or renewal of registration is issued.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C6","next_prefix":"E"},"14":{"id":271922,"text":"The Department shall issue such registration within 60 days of receipt of the application for registration. If the registration is not issued, the Department shall provide the operator with the justification for not issuing such registration with specificity.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":15789,"edition_id":1,"name":"Fantasy Contests Act","identifier":"51","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 03:59:37","date_modified":"2026-06-26 03:59:37","permalink":{"id":262663,"object_type":"structure","relational_id":15789,"identifier":"51","token":"59.1\/51","url":"\/59.1\/51\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60848,"structure_id":15789,"section_number":"59.1-556","catch_line":"Definitions","url":"\/59.1-556\/","token":"59.1\/51\/59.1-556","metadata":false},{"id":81148,"structure_id":15789,"section_number":"59.1-557","catch_line":"Registration of fantasy contest operators required; application for registration; issuance of registration certificate; penalty","url":"\/59.1-557\/","token":"59.1\/51\/59.1-557","metadata":false},{"id":75725,"structure_id":15789,"section_number":"59.1-558","catch_line":"Issuance of registration; denial of same","url":"\/59.1-558\/","token":"59.1\/51\/59.1-558","metadata":false},{"id":76769,"structure_id":15789,"section_number":"59.1-559","catch_line":"Independent audit required; submission to Department","url":"\/59.1-559\/","token":"59.1\/51\/59.1-559","metadata":false},{"id":74156,"structure_id":15789,"section_number":"59.1-560","catch_line":"Powers and duties of Department","url":"\/59.1-560\/","token":"59.1\/51\/59.1-560","metadata":false},{"id":61517,"structure_id":15789,"section_number":"59.1-561","catch_line":"Suspension or revocation of registration","url":"\/59.1-561\/","token":"59.1\/51\/59.1-561","metadata":false},{"id":79068,"structure_id":15789,"section_number":"59.1-562","catch_line":"Hearing and appeal","url":"\/59.1-562\/","token":"59.1\/51\/59.1-562","metadata":false},{"id":62416,"structure_id":15789,"section_number":"59.1-563","catch_line":"Fees and charges","url":"\/59.1-563\/","token":"59.1\/51\/59.1-563","metadata":false},{"id":78196,"structure_id":15789,"section_number":"59.1-564","catch_line":"Department to adjust fees; certain transfer of money collected prohibited","url":"\/59.1-564\/","token":"59.1\/51\/59.1-564","metadata":false},{"id":65371,"structure_id":15789,"section_number":"59.1-565","catch_line":"Public inspection of information filed with Department; charges for production","url":"\/59.1-565\/","token":"59.1\/51\/59.1-565","metadata":false},{"id":68766,"structure_id":15789,"section_number":"59.1-566","catch_line":"Registration not endorsement","url":"\/59.1-566\/","token":"59.1\/51\/59.1-566","metadata":false},{"id":79411,"structure_id":15789,"section_number":"59.1-567","catch_line":"Acquisition of interest in fantasy contest operator","url":"\/59.1-567\/","token":"59.1\/51\/59.1-567","metadata":false},{"id":75867,"structure_id":15789,"section_number":"59.1-568","catch_line":"Civil penalty","url":"\/59.1-568\/","token":"59.1\/51\/59.1-568","metadata":false},{"id":63167,"structure_id":15789,"section_number":"59.1-569","catch_line":"Fantasy contests conducted under this chapter not illegal gambling","url":"\/59.1-569\/","token":"59.1\/51\/59.1-569","metadata":false},{"id":80267,"structure_id":15789,"section_number":"59.1-570","catch_line":"Liability imposed by other laws not decreased","url":"\/59.1-570\/","token":"59.1\/51\/59.1-570","metadata":false}],"previous_section":{"id":81148,"structure_id":15789,"section_number":"59.1-557","catch_line":"Registration of fantasy contest operators required; application for registration; issuance of registration certificate; penalty","url":"\/59.1-557\/","token":"59.1\/51\/59.1-557","metadata":false},"next_section":{"id":76769,"structure_id":15789,"section_number":"59.1-559","catch_line":"Independent audit required; submission to Department","url":"\/59.1-559\/","token":"59.1\/51\/59.1-559","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-558\/","history_text":"

This law was first created in 2016. The record of its establishment is cataloged in chapters 318<\/a> and 703<\/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":262673,"object_type":"law","relational_id":75725,"identifier":"59.1-558","token":"59.1\/51\/59.1-558","url":"\/59.1-558\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-558\/","token":"59.1\/51\/59.1-558","dublin_core":{"Title":"Issuance of registration; denial of same","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-558","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Department<\/span> shall consider all applications for registration and shall issue<\/span> a valid registration to an applicant that meets the criteria set forth in this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Department<\/span> shall deny registration to any applicant unless it finds that: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> If the corporation is a stock corporation, such stock is fully paid and nonassessable and has been subscribed and paid for only in cash or property to the exclusion of past services and, if the corporation is a nonstock corporation, that there are at least five members; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> All principal stockholders<\/span> or members have submitted to the jurisdiction<\/span> of the Virginia courts<\/span> for the purposes of this chapter, and all nonresident principal stockholders<\/span> or members have designated the Commissioner of the Department<\/span> as their agent for receipt of process; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The applicant’s articles of incorporation provide that the corporation may, on vote of a majority of the stockholders or members, purchase at fair market value the entire membership interest of any stockholder or require the resignation of any member who is or becomes unqualified for such position under subsection C; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The applicant meets the criteria established by the Department<\/span> for the granting of registration. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Department<\/span> may deny registration to an applicant if it finds that the applicant, or any officer, partner, principal stockholder<\/span>, or director of the applicant: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Has knowingly made a false statement of material<\/span> fact<\/span> or has deliberately failed to disclose any information requested; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Is or has been found guilty of any illegal, corrupt, or fraudulent act, practice, or conduct in connection with any fantasy contest<\/span> in this or any other state or has been convicted of a felony<\/span>, a crime<\/span> of moral turpitude<\/span>, or any criminal offense<\/span> involving dishonesty or breach of trust within the 10 years prior to the date of application for registration; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Has at any time knowingly failed to comply with the provisions of this chapter or of any requirements of the Department<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Has had a registration or permit to hold or conduct fantasy contests<\/span> denied for just cause, suspended, or revoked in any other state or country; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Has legally defaulted in the payment of any obligation or debt due to the Commonwealth; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Is not qualified to do business in the Commonwealth or is not subject to the jurisdiction<\/span> of the courts<\/span> of the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Any operator<\/span> applying for registration or renewal of a registration may operate during the application period unless the Department<\/span> has reasonable cause to believe that such operator<\/span> is or may be in violation of the provisions of this chapter and the Department<\/span> requires such operator<\/span> to suspend the operation of any fantasy contest<\/span> until registration or renewal of registration is issued. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The Department<\/span> shall issue<\/span> such registration within 60 days of receipt of the application for registration. If the registration is not issued, the Department<\/span> shall provide the operator<\/span> with the justification for not issuing such registration with specificity. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nISSUANCE OF REGISTRATION; DENIAL OF SAME (\u00a7 59.1-558)\n\nA. The Department shall consider all applications for registration and shall\nissue a valid registration to an applicant that meets the criteria set forth in\nthis chapter.\n\nB. The Department shall deny registration to any applicant unless it finds that:\n\n 1. If the corporation is a stock corporation, such stock is fully paid and\n nonassessable and has been subscribed and paid for only in cash or property to\n the exclusion of past services and, if the corporation is a nonstock\n corporation, that there are at least five members;\n\n 2. All principal stockholders or members have submitted to the jurisdiction of\n the Virginia courts for the purposes of this chapter, and all nonresident\n principal stockholders or members have designated the Commissioner of the\n Department as their agent for receipt of process;\n\n 3. The applicant’s articles of incorporation provide that the\n corporation may, on vote of a majority of the stockholders or members,\n purchase at fair market value the entire membership interest of any\n stockholder or require the resignation of any member who is or becomes\n unqualified for such position under subsection C; and\n\n 4. The applicant meets the criteria established by the Department for the\n granting of registration.\n\nC. The Department may deny registration to an applicant if it finds that the\napplicant, or any officer, partner, principal stockholder, or director of the\napplicant:\n\n 1. Has knowingly made a false statement of material fact or has deliberately\n failed to disclose any information requested;\n\n 2. Is or has been found guilty of any illegal, corrupt, or fraudulent act,\n practice, or conduct in connection with any fantasy contest in this or any\n other state or has been convicted of a felony, a crime of moral turpitude, or\n any criminal offense involving dishonesty or breach of trust within the 10\n years prior to the date of application for registration;\n\n 3. Has at any time knowingly failed to comply with the provisions of this\n chapter or of any requirements of the Department;\n\n 4. Has had a registration or permit to hold or conduct fantasy contests denied\n for just cause, suspended, or revoked in any other state or country;\n\n 5. Has legally defaulted in the payment of any obligation or debt due to the\n Commonwealth; or\n\n 6. Is not qualified to do business in the Commonwealth or is not subject to\n the jurisdiction of the courts of the Commonwealth.\n\nD. Any operator applying for registration or renewal of a registration may\noperate during the application period unless the Department has reasonable cause\nto believe that such operator is or may be in violation of the provisions of\nthis chapter and the Department requires such operator to suspend the operation\nof any fantasy contest until registration or renewal of registration is issued.\n\nE. The Department shall issue such registration within 60 days of receipt of the\napplication for registration. If the registration is not issued, the Department\nshall provide the operator with the justification for not issuing such\nregistration with specificity.\n\nHISTORY: 2016, cc. 318, 703.","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}}