There is a newer version of the New York Consolidated Laws
2006 New York Code - Acquisition Of Racing Facilities.
§ 209. Acquisition of racing facilities. Any corporation or association incorporated under section two hundred two of this chapter, or licensed or enfranchised under this article, desiring to acquire racing facilities, including real estate, of one or more other such corporations or associations or the capital stock thereof shall apply to the state racing and wagering board for approval of such acquisition. If in the judgment of such board the public interest, convenience or necessity and the best interest of racing generally will be served thereby, such board shall enter an order granting approval of such acquisition and of the terms thereof.
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