R 432.721c
R 432.721c Required notification of formation, dissolution, or transfer of subsidiaries.
Cite as Mich. Admin. Code R 432.721c
Rule 721c. (1) A sports betting operator or sports betting supplier applicant or
licensee, affiliate that has control of a sports betting operator applicant or licensee, or
other person that has control of a sports betting operator or sports betting supplier
applicant or licensee, must 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 the sports betting operator or sports betting supplier applicant or licensee,
affiliate that has control of a sports betting operator applicant or licensee, or other person
that has control of a sports betting operator or sports betting supplier applicant or
licensee.
(2) A publicly traded corporation is considered to have complied with this rule if it has
complied with the reporting requirements in R 432.721d.