R 432.1211

R 432.1211 Receipt of commercially reasonable consideration for contracts and transactions required.

Last amended: 2000Year: 2026Length: 64 wordsOfficial source

Cite as Mich. Admin. Code R 432.1211

Rule 211. An applicant for, or holder of, a casino license or supplier license may not enter into or perform any contract or transaction in connection with gambling operations or casino operations related to the casino license or supplier license for which application has been made or which the licensee holds unless the applicant or licensee transfers or receives consideration that is commercially reasonable.
R 432.1211: R 432.1211 Receipt of commercially reasonable consideration for contracts and transactions required. | Justis AI