Section R. 432.1105 - Definitions; M to ORule 105.
As used in these rules:
(a) "Main bank" means the casino department that is responsible for at least all of the following: (i) Cashing customer checks.(ii) Establishing hold check privileges.(iv) Providing working funds to all operational departments.(v) Deposits of front money.(vi) Maintaining custody of all inventory.(vii) Processing markers.(viii) Assuming responsibility for all of the following individuals and physical structures: (C) Main bank vault or vaults.(D) Any other structure that houses chips or other representatives of value that the main bank is accountable for.(b) "Marker" means an electronic or written document that evidences an extension of credit to a patron by the casino licensee, including any writing taken in consolidation, redemption, or payment of a previous marker.(c) "Multigames" means an EGD that offers a menu of more than 1 gambling game to the player.(d) "Nominee" means a person that holds, as owner of record, the legal title to tangible or intangible personal or real property, including, without limitation, any of the following: (iv) An investment contract.(v) Real estate on behalf of another person. A nominee is designated and authorized to act on behalf of another person with respect to the property.(e) "Nonvalue chip" means a chip which is clearly and permanently impressed, engraved, or imprinted with the name of the casino licensee, but which does not bear a value designation.Mich. Admin. Code R. 432.1105
1998-2000 AACS; 2019 MR 9, Eff. 5/17/2019