13 Miss. Code. R. 2-8.5 - Corporate Licensees

(a) A publicly traded corporation is not eligible to apply for or hold a state gaming license or manufacturer's, seller's, or distributor's license. A publicly traded corporation may be found suitable to acquire or hold an interest in a corporate licensee.

(b) A person shall not make a public offering of any security issued by a corporate licensee.

(c) The provisions of subsection (b) do not prevent a corporate licensee from guaranteeing a security issued by an affiliated company pursuant to a public offering, nor from hypothecating its assets to secure the payment or performance of the obligations evidenced by a security issued by an affiliated company pursuant to a public offering, provided that the prior approval of the Commission is obtained.

(Adopted: 09/25/1991.)

Notes

13 Miss. Code. R. 2-8.5

Miss. Code Ann. § 75-76-71