Pennsylvania § 9357 - Transfers of licenses.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 9357 — Transfers of licenses., with citation guidance and answers to common questions.
§ 9357. Transfers of licenses.
A transfer of licenses shall be done in accordance with the following:
(1) A license issued under this chapter shall not be transferable or assignable.
(2) A substantial change in ownership in a licensee shall result in termination of the license unless prior written approval has been obtained from the commission. A request for approval of a substantial change in ownership shall be made on a form designated by the commission. Upon receipt of all required information, the commission shall, as soon as practicable, make a determination whether to authorize and approve the substantial change in ownership.
(3) Notice of a nominal change in ownership shall be filed with the commission within 15 days of the execution of the documents upon which the proposed nominal change in ownership will be based.
(4) For purposes of paragraph (3), notice is not required for any of the following:
(i) A nominal change in ownership if the licensee is a publicly traded corporation.
(ii) The transfer of an ownership interest in a licensed racing entity, whether substantial or nominal, direct or indirect, if by a publicly traded corporation, and if the beneficial ownership transferred is acquired by an individual who holds the voting securities of the publicly traded corporation for investment purposes only.
(5) Any attempt to effect a substantial change in ownership under this section if not done so in writing shall be considered void by the commission.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 9357
What does Pennsylvania Consolidated Statutes § 9357 cover?
Section 9357 ("Transfers of licenses.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 9357?
A common citation format is "Pennsylvania Consolidated Statutes § 9357" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 9357 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.