# 4 Pa.C.S. § 3506: Divestiture of disqualifying applicant

> Pennsylvania · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3506

## Section

- **Citation:** 4 Pa.C.S. § 3506
- **Heading:** Divestiture of disqualifying applicant
- **Jurisdiction:** Pennsylvania
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** PA Code / Title 4 / Chapter 35 / Section 3506

## Text

(a) Board power to require.--

(1) In the event that any establishment license application, terminal operator license application, supplier license application or manufacturer license application is not approved by the board based on a finding that an individual who is a principal or has an interest in the person applying for the license does not meet the character requirements of this part or any of the eligibility requirements under this part or a person who purchases a controlling interest in the applicant in violation of section 3517 (relating to change in ownership or control of terminal operator licensee), the board may afford the individual the opportunity to completely divest his interest in the person, its affiliate, intermediary, subsidiary or holding company seeking the license and, after such divestiture, reconsider the person's or applicant's suitability for licensure in an expedited proceeding and may, after such proceeding, issue the person or applicant a terminal operator license.

(2) The board shall approve the terms and conditions of any divestiture under this section.

(b) Limitation.--Under no circumstances shall any divestiture be approved by the board if the compensation for the divested interest exceeds the cost of the interest.

## Nearby sections

- [4 Pa.C.S. § 3501 General prohibition.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3501.md)
- [4 Pa.C.S. § 3502 Terminal operator licenses.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3502.md)
- [4 Pa.C.S. § 3504 Principal licenses.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3504.md)
- [4 Pa.C.S. § 3505 Key employee licenses.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3505.md)
- [4 Pa.C.S. § 3506 Divestiture of disqualifying applicant.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3506.md)
- [4 Pa.C.S. § 3507 Supplier licenses.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3507.md)
- [4 Pa.C.S. § 3508 Manufacturer licenses.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3508.md)
- [4 Pa.C.S. § 3509 Gaming service provider.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3509.md)
- [4 Pa.C.S. § 3510 Occupation permit.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3510.md)
- [4 Pa.C.S. § 3511 Alternative terminal operator licensing standards.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3511.md)
- [4 Pa.C.S. § 3512 Alternative manufacturer licensing standards.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3512.md)
- [4 Pa.C.S. § 3513 Alternative supplier licensing standards.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3513.md)
- [4 Pa.C.S. § 3514 Establishment licenses.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3514.md)
- [4 Pa.C.S. § 3515 License or permit prohibition.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3515.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_PA_T4_C35_S3506. Check the current official text before relying on it. Not legal advice.