Rule 23.16.3201 - DEFINITIONSFor the purposes of ARM 23.16.3201 through 23.16.3205, the following definitions apply:
(1) "Administrative fee" means an amount that may be charged a member for payment of expenses directly related to the operation of a fantasy sports league. An administrative fee may not exceed 15% of a member's entrance fee.(2) "Entrance fee" means the amount charged a member, excluding any administrative fee, for membership in a fantasy sports league.(3) "Fantasy sports league" means a gambling activity as defined in 23-5-801, MCA.(4) "Member" means a person or group of persons who own a fictitious team that is a competitor in a fantasy sports league.(5) "Prize" means anything of value awarded to a winner of a fantasy sports league.(6) "Transaction fee" means an amount charged a member for trading or purchasing a player after the initial teams in the fantasy sports league are selected. The fee for each transaction may not exceed the entrance fee.Mont. Admin. r. 23.16.3201
NEW, 1991 MAR p. 1942, Eff. 10/18/91.23-5-115, MCA; IMP, 23-5-801, MCA;