13 Miss. Code. R. 2-9.4

Current through September 24, 2024
Rule 13-2-9.4 - Escrow Required

Except as and to the extent provided in these regulations pertaining to emergency situations, no money or other thing of value constituting any part of the consideration for the transfer or acquisition of any interest in a licensed gaming operation, in a licensee or in a holding company shall be paid over, received or used until complete compliance has been had with all prerequisites set forth in the law and these regulations for the consummation of such transaction; but such funds may be placed in escrow pending completion of the transaction. Any loan, pledge or other transaction between the parties or with other parties may be deemed an attempt to evade the requirements of this regulation and, as such, in violation of this regulation. (Adopted: 09/25/1991.)

13 Miss. Code. R. 2-9.4

Miss. Code Ann. § 75-76-207