Certain Public Offerings And Stockholder Approvals

Certain Public Offerings And Stockholder Approvals. The Commission may find a publicly traded corporation unsuitable to be a holding company of a corporate license if at a time when the applicant was not subject to the jurisdiction of the Commission it obtained the approval or consent of its stockholders to have a material involvement with gaming in the State of Mississippi, and in connection with such offering, approval or consent, it did not make a full disclosure of all material facts to the offerees or its stockholders relating to such material involvement including, without limitation, a description of the nature and scope of the state and applicable local laws of Mississippi regarding gaming control. (Adopted: 09/25/1991.)