R 432.1319 Required notification of formation, dissolution, or transfer of subsidiaries.

Rule 319. A casino license applicant or licensee, or a holding company or affiliate that has control of a casino license applicant or licensee, shall 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 any subsidiary of the casino license applicant or licensee or any subsidiary of any holding company or affiliate that has control of the casino license applicant or licensee that is related in any way to the development, construction, or operation of the applicant's or licensee's Michigan casino or Michigan casino-related enterprises. A publicly traded corporation shall be considered to have complied with this rule if it has complied with the reporting requirements in R 432.1406.