GroundRules
Miss. Code Ann. § 75-76-71: Person denied gaming license or found unsuitable not entitled to profit from investment; divestiture of interests; enforcement.
Where this section sits in the code
- Title 75. Regulation of Trade, Commerce and Investments
- Chapter 76. Mississippi Gaming Control Act
- Licensing and Findings of Suitability
(1) A person who has had his application for a gaming license denied or who has been found unsuitable by the commission:
(a) Is not entitled to profit from his investment in a:
(i) Corporation other than a publicly traded corporation as that term is defined in this chapter;
(ii) Partnership;
(iii) Limited partnership; or
(iv) Joint venture which has applied for or been granted a license.
(b) Shall not retain his interest in a corporation, partnership, limited partnership or joint venture beyond that period prescribed by the commission.
(c) Shall not accept more for his interest in a corporation, partnership, limited partnership or joint venture than he paid for it or the market value on the date of the denial of the license or the finding of unsuitability.
(2) The executive director may proceed pursuant to this chapter to enforce the provisions of subsection (1).
Collected 2026-10-27T05:54:13Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source