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Can you summarize CORS 24-21-613?
BINGO AND RAFFLES LAW > Application for supplier license.
Short Summary
This legal document pertains to the application process for obtaining a supplier license for individuals or corporations involved in selling or distributing equipment and supplies for games of chance activities in Colorado. The application must include information such as the applicant’s name and address, the supplier’s name and address (including officers, directors, and shareholders with an ownership interest of ten percent or more), a description of the equipment and supplies sold, the resident agent’s information if the applicant does not reside in Colorado, the names and addresses of Colorado manufacturers and agents, and a statement of compliance with the provisions of the Bingo and Raffles Law. The application must also include a statement regarding any convictions for felonies, theft by deception, or gambling-related offenses within the previous ten years. The document states that a person with such convictions within the previous ten years is ineligible for a license, while those with convictions beyond ten years must disclose the information. Upon filing a complete application and paying the required fee, a supplier license can be obtained. The license must be renewed annually, and it is nontransferable. The document also references the applicable fees and their establishment. This legal document was added to the Colorado Revised Statutes in 2017, with relocations from a previous section.
Whom does it apply to?
Suppliers of equipment and supplies for games of chance activities in Colorado
What does it govern?
Bingo and Raffles Law
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Colorado