Pennsylvania Code
Title 58 - RECREATION
Part VII - GAMING CONTROL BOARD
Subpart C - Slot Machine Licensing
Chapter 443a - TRUSTEESHIP
Section 443a.12 - Discontinuation of trusteeship
Universal Citation: 58 PA Code ยง 443a.12
Current through Register Vol. 54, No. 44, November 2, 2024
(a) The Board may direct the discontinuation of a trusteeship when:
(1) The Board determines that the cause for
which the trusteeship action was instituted no longer exists.
(2) The trustee has, with the prior approval
of the Board, consummated the sale, assignment, conveyance or other disposition
in bulk of all the property of the former principal or slot machine licensee
relating to the slot machine license.
(b) Upon the discontinuation of the trusteeship and with the approval of the Board, the trustee shall take steps as may be necessary to affect an orderly transfer of the property of the former or suspended principal or slot machine licensee.
This section cited in 58 Pa. Code § 443a.2 (relating to appointment of trustees).
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