Public Offerings Of Affiliated Companies

Public Offerings Of Affiliated Companies. Prior approval of the Commission is required for any public offering of any securities of an affiliated company: (a) Which is not a publicly traded corporation if the securities will be offered by such an affiliated company or by a controlling person thereof. (b) Which is a publicly traded corporation if the securities will be offered by such affiliated company and if such securities or the proceeds from the sale thereof are intended to be used: 1. To pay for construction of gaming facilities in Mississippi to be owned or operated by the affiliated company or a subsidiary of the affiliated company; 2. To acquire any direct or indirect interest in gaming facilities in Mississippi; 3. To finance the operation by the affiliated company or a subsidiary of such affiliated company of gaming facilities in Mississippi; or 4. To retire or extend obligations incurred for one or more such purposes. (Adopted: 09/25/1991.)