(a) "Grandfathered Lessor's License" means a commercial lessor license that was in effect on June 10, 1989, and that has been in effect continuously since that date.
(b) The Commission's approval to transfer a Grandfathered Lessor's License from a current license holder to a new license holder does not transfer the grandfathered leasing rights. The new license holder's authority under the transferred license shall be subject to the eligibility requirements set forth in Bingo Enabling Act §2001.152(a) (and any successor statute thereto).

Source Note: The provisions of this §402.443 adopted to be effective August 30, 2018, 43 TexReg 5503