5.48.230 - Pointholders—Applications for sale or transfer of points.

(a)

Except as otherwise provided in this chapter, it is unlawful for any person having any interest whatsoever or at all in the ownership of a card club, whether legal or equitable, or as trustor or trustee, or of whatsoever kind or character, to transfer such points and/or interest without written notification to and the written consent of the city manager.

(b)

Any person desiring to sell, transfer, assign, or otherwise hypothecate any point or interest in a card club duly licensed pursuant to the provisions of this chapter shall file with the city manager a written application for permission to transfer such interest pursuant to a form approved by the city manager and that sets forth the following:

(1)

The date of the application;

(2)

The true name of the applicant and proposed transferee;

(3)

The status of the transferee as being an individual, corporation, association, co-partnership, joint venture, trustor, or trustee;

(4)

The residence and business address of the transferee, if an individual;

(5)

If the transferee is other than an individual, the name, residence, and business address of each of the copartners or members of the firm, co-partnership, trustor, trustee, or joint venture and the names and residence and business addresses of each of the principal officers and directors of the association or corporation applicant;

(6)

The name of the licensed card club for which a transfer of interest or point is sought;

(7)

The number of points and/or nature of interest sought to be sold, transferred, assigned, or otherwise hypothecated;

(8)

Whether the transferee has an ownership or management interest in any other gambling establishment or gambling enterprise that requires licensure by the state gambling control commission or its successor; and

(9)

Written confirmation that the state gambling control commission has duly licensed the transferee under the California Gambling Control Act, Business Professions Code Sections 19800 et seq. A copy of the application filed with the state gambling control commission shall be provided along with the application filed with the city manager.

(c)

If the application is incomplete, the city manager will advise the applicant of that fact within thirty days of the city manager's receipt of the application; the applicant will also be advised of the additional information that is required.

(Ord. No. 804, § 2, 12-13-2022)