La. Admin. Code tit. 42 § III-2705

Current through Register Vol. 50, No. 6, June 20, 2024

Section III-2705 - Records of Ownership

A. Each licensee or casino operator that is a corporation shall keep on the premises of its gaming establishment, or other premises as approved by the division, the following documents pertaining to the corporation:

1. a certified copy of the articles of incorporation and any amendments;

2. a copy of the bylaws and any amendments;

3. a copy of the certificate issued by the Louisiana Secretary of State authorizing the corporation to transact business in Louisiana;

4. the address of registered office and agent(s);

5. a list of all current and former officers and directors;

6. a certified copy of minutes of all meetings of the stockholders;

7. a certified copy of minutes of all meetings of the directors;

8. a list of all stockholders listing each stockholder's name, birth date, Social Security number, address, the number of shares held, and the date the shares were acquired;

9. the stock certificate ledger;

10. a record of all transfers of the corporation's stock;

11. a record of amounts paid to the corporation for issuance of stock and other capital contributions; and

12. a schedule of all salaries, wages, and other remuneration (including perquisites), direct or indirect, paid during the calendar or fiscal year by the corporation to all officers, directors, and stockholders with an ownership interest at any time during the calendar or fiscal year equal to 5 percent or more of the outstanding capital stock of any class of stock.

B. Each licensee or casino operator that is a limited liability company (LLC) shall keep on the premises of its gaming establishment or other premises as approved by the division, the following documents pertaining to the company:

1. a certified copy of the articles of organization and any amendments;

2. a copy of the initial report, setting forth location and address of registered office and agent(s);

3. a copy of required records to be maintained at the registered office of the LLC including a current list of names and addresses of members and managers;

4. a copy of the operating agreement and amendments; and

5. a copy of the certificate issued by the Louisiana Secretary of State authorizing the LLC to transact business in Louisiana.

C. Each licensee or casino operator that is a partnership shall keep on the premises of its gaming establishment or other premises as approved by the division, the following documents pertaining to the partnership:

1. a copy of the partnership agreement and, if applicable, the certificate of limited partnership;

2. a list of the partners including their names, birth date, Social Security number, addresses, the percentage of interest held by each, the amount and date of each capital contribution of each partner, and the date the interest was acquired;

3. a record of all withdrawals of partnership funds or assets;

4. a schedule of salaries, wages and other remuneration (including perquisites), direct or indirect, paid to each partner during the calendar or fiscal year; and

5. a copy of the certificate issued by the Louisiana Secretary of State authorizing the partnership to transact business in Louisiana.

D. Each licensee or casino operator that is a sole proprietorship shall keep on the premises of its gaming establishment or other premises as approved by the division, the following documents:

1. a schedule showing the amount and date of the proprietor's original investment and of any additions and withdrawals; and

2. a schedule of salaries, wages and other remuneration (including perquisites), direct or indirect, paid to the proprietor during the calendar or fiscal year.

La. Admin. Code tit. 42, § III-2705

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1629 (July 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.