13 Miss. Code. R. 2-9.1 - Transfers Of Ownership In General

(a) No person shall sell, purchase, assign, lease, grant or foreclose a security interest, hypothecate or otherwise transfer, convey or acquire in any manner whatsoever any interest of any sort whatever in or to any licensed gaming operation or any portion thereof, or enter into or create a voting trust agreement or any other agreement of any sort in connection with any licensed gaming operation or any portion thereof, except in accordance with law and these regulations.

(b) No licensee shall permit any person to make any investment whatever in, or in any manner whatever participate in the profits of, any licensed gaming operation, or any portion thereof, except in accordance with law and these regulations.

(c) No person shall transfer or convey in any manner whatsoever any interest of any sort whatever in or to any licensed gaming operation, or any portion thereof, to, or permit any investment therein or participation in the profits thereof by, any person acting as agent, trustee or in any other representative capacity whatever for or on behalf of another person without first having fully disclosed all facts pertaining to such representation to the Executive Director. No person acting in any such representative capacity shall hold or acquire any such interest or so invest or participate without first having fully disclosed all facts pertaining to such representation to the Executive Director and obtained written permission of the Commission to so act.

(d) This regulation shall apply to transfers of interest in corporate licensees and holding companies, but shall not apply to transfers of interest in publicly traded corporations. (Adopted: 09/25/1991.)

Notes

13 Miss. Code. R. 2-9.1

Miss. Code Ann. § 75-76-207