Section R. 432.721c - Required notification of formation, dissolution, or transfer of subsidiariesRule 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.Mich. Admin. Code R. 432.721c
2020 MR 22, Eff. 12/2/2020