Illinois Administrative Code
Title 11 - ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
Part 1900 - SPORTS WAGERING
Subpart J - ACCOUNTING, RECORDS, AND DATA
Section 1900.1000 - Ownership Records
Universal Citation: 11 IL Admin Code ยง 1900.1000
Current through Register Vol. 48, No. 12, March 22, 2024
A holder of a master sports wagering license or management services provider license shall keep on a permanent basis, and provide to the Board upon request, the following records:
a) If a corporation:
1) A certified copy of the articles of
incorporation and any amendments;
2) A certified copy of the bylaws and any
amendments;
3) A certificate of
good standing from the state of its incorporation;
4) A certificate of authority from the
Illinois Secretary of State authorizing it to do business in Illinois, if the
corporation is operating as a foreign corporation in Illinois;
5) A list of all current and former officers
and directors, including the dates each individual held those titles;
6) A certified copy of minutes of all
meetings of the stockholders and directors;
7) A current list of all stockholders
including the names of beneficial owners of shares held in street or other
names;
8) The name of any business
entity and a current list of all stockholders in such entity, including the
names of beneficial owners of shares held in street or other names, in which
such corporation has a direct, indirect or attributed interest;
9) A copy of the stock certificate
ledger;
10) A complete record of
all transfers of stock;
11) A
schedule of amounts paid to the corporation for issuance of stock and other
capital contributions and the dates of those payments;
12) A schedule of all dividends distributed
by the corporation; and
13) A
schedule of all salaries, wages, and other remuneration (including
perquisites), direct or indirect, paid during the calendar or fiscal year, by
the corporation, to all officers, directors, and stockholders with an ownership
interest at any time during the calendar or fiscal year, equal to or greater
than 5% of the outstanding capital stock of any class of stock.
b) If a limited liability company (LLC):
1) A certified copy of the Articles of
Formation;
2) A certificate of
authority from the Illinois Secretary of State authorizing it to do business in
Illinois, if the LLC is operating as a foreign organization in
Illinois;
3) A certified copy of
the Operating Agreement and any amendments to that Agreement;
4) The name and address of each member;
and
5) A detailed description of
the organization of the LLC, including whether the LLC is managed by an outside
manager;
c) If a partnership:
1) A certified copy of the
partnership agreement;
2) A
certificate of limited partnership of its domicile;
3) A list of the partners, including names,
addresses, the percentage of interest in net assets, profits and losses held by
each, the amount and date of each capital contribution of each partner, and the
date the interest was acquired;
4)
A schedule of all withdrawals of partnership funds or assets;
5) A schedule of salaries, wages and other
remuneration (including perquisites), direct or indirect, paid to each partner
during the calendar or fiscal year; and
6) A schedule of salaries, wages and other
remuneration (including perquisites), direct or indirect, paid to each member,
manager, or employee during the calendar or fiscal year.
d) If a sole proprietorship:
1) A schedule showing the name and address of
the proprietor and the amount and date of his or her original
investment;
2) A schedule of dates
and amounts of subsequent additions to the original investment and any
withdrawals; and
3) A schedule of
salaries, wages and other remuneration (including perquisites), direct or
indirect, paid to the proprietor during the calendar or fiscal year.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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