58 Pa. Code § 165.54 - Unincorporated club or other unincorporated organization as stockholder
(a)
Requirement to obtain affidavit. Whenever a transfer of stock
of any corporation which is licensed by the Commission, or of any corporation
which leases to such licensee the track at which it conducts pari-mutuel
thoroughbred horse races, or which owns 25% or more of the stock of such
licensee, shall be made to an unincorporated club, organization or association
(except a partnership), said corporation shall obtain contemporaneously with
said transfer, an affidavit, in duplicate, executed by the President,
Secretary, Treasurer, or other Executive Officer, containing the following:
(1) The name of the club or
organization.
(2) The address of
its principal office in this Commonwealth.
(3) The number and class of shares
transferred to it.
(4) The names
and addresses of all its directors, governors, trustees, or members of other
types of a managing body.
(5) The
names and addresses of all of its officers.
(6) The number of members.
(7) The name and address of each
member.
(8) A statement to the
effect that if there is any change in its status with respect to any of the
matters set forth in paragraphs (3) to (5) inclusive, it shall forthwith file
with the corporation a new affidavit setting forth such change of status and,
in the case of paragraphs (6) and (7), that it shall annually, during the month
of October, file with the corporation a new affidavit setting forth any change
in status; provided, however, that new affidavits need not be filed if the only
changes relate to a change of address.
(b)
Affidavits of officers,
directors, and the like. In addition to the affidavit required under
subsection (a) of this section, the club or organization shall file affidavits
in duplicate, containing the information set forth in §
165.51(a)
(relating to individual stockholders-voting and nonvoting stock), executed by
the following:
(1) Each of the officers,
directors, governors, trustees or members of other types of a managing
body.
(2) In the case of such an
organization which has 25 members or less, each member.
(c)
Change of status of affiant other
than by stock transfer. If subsequent to the filing of an affidavit
required under subsections (a) and (b), the status of any affiant changes with
respect to any of the matters set forth in subsection (a)(3) to (7), in the
case of the affidavit filed by an unincorporated club, association, or
organization, and in §
165.51(a)(5) to
(12) in the case of individual affiants, such
affiant shall forthwith file with the corporation with which his affidavit was
originally filed a new affidavit setting forth with particularity such change;
provided, however, that new affidavits need not be filed if the only changes
are related to age or address and that in the case of subsection (a)(6) and
(7), new affidavits need be filed annually, during the month of October
only.
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