Okla. Stat. tit. 3A, § 3A-205.2a: Ownership interest in organization license

Whenever an organization license to conduct a horse race meeting

has been issued, no person shall in any manner become the owner or

holder, directly or indirectly, of any shares of stock or

certificates or other evidence of ownership of any interest in such

organization licensee without first having obtained the approval of

the Commission. The Commission may, after hearing, revoke such

organization license granted to any person which shall register on

its books in the name of any person its shares of stock or

certificates or other evidence of ownership of any interest in such

organization licensee without the approval of the Commission having

first been obtained, or which shall knowingly permit a person to be

directly or indirectly interested in its shares of stock or

certificates or other evidence of ownership of any interest in such

organization license without reporting the same to the Commission.

Whenever the Commission gives to any person its approval to own or

hold the shares of stock or certificates or other evidence of

ownership of any interest in any such organization licensee it shall

by registered mail notify the secretary of such licensee of such

approval. Under no circumstances shall the Commission give such

approval to any person who has been convicted of a felony or a crime

involving moral turpitude, unless said person has been granted a

full and unconditional pardon. Under no circumstances shall the

Commission give such approval to any person who has violated any of

the provisions of the racing laws of this state or any other state,

or has at any time been denied a license or permit of any kind by

the Commission.