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TITLE 16 - ECONOMIC REGULATION
PART 9 - TEXAS LOTTERY COMMISSION
CHAPTER 402 - CHARITABLE BINGO OPERATIONS DIVISION
SUBCHAPTER D - LICENSING REQUIREMENTS
SECTION/RULE §402.443 - Transfer of a Grandfathered Lessor's Commercial Lessor License
Chapter Review Date 10/30/2024

(a) "Grandfathered Lessor's License" means a commercial lessor license that was in effect on June 10, 1989, and that has been in effect continuously since that date.(b) The Commission's approval to transfer a Grandfathered Lessor's License from a current license holder to a new license holder does not transfer the grandfathered leasing rights. The new license holder's authority under the transferred license shall be subject to the eligibility requirements set forth in Bingo Enabling Act §2001.152(a) (and any successor statute thereto).(c) A change in the name or the ownership of a legal entity that holds a grandfathered license does not constitute a transfer of the license if the entity's Comptroller's Taxpayer Number remains the same.

Source Note: The provisions of this §402.443 adopted to be effective August 30, 2018, 43 TexReg 5503; amended to be effective February 27, 2025, 50 TexReg 986.

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