§ 23-111-402. Definition

AR Code § 23-111-402 (2018) (N/A)
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For the purposes of §§ 23-111-401, 23-111-403 -- 23-111-405, and 23-111-407 -- 23-111-409, "principal stockholder" means every stockholder, either individual, partnership, association, or corporation, owning or having control of ten percent (10%) or more of the outstanding stock of a corporation which is an applicant for, or holder of, a franchise to conduct dog racing in this state.