Mich. Admin. Code R. 432.721c - Required notification of formation, dissolution, or transfer of subsidiaries
Rule 721c.
(1) A
sports betting operator or sports betting supplier applicant or licensee,
affiliate that has control of a sports betting operator applicant or licensee,
or other person that has control of a sports betting operator or sports betting
supplier applicant or licensee, must report, in writing, to the board, as soon
as practicable, the formation or dissolution of, or any transfer of, a
nonpublicly traded or publicly traded interest in the sports betting operator
or sports betting supplier applicant or licensee, affiliate that has control of
a sports betting operator applicant or licensee, or other person that has
control of a sports betting operator or sports betting supplier applicant or
licensee.
(2) A publicly traded
corporation is considered to have complied with this rule if it has complied
with the reporting requirements in R 432.721d.
Notes
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