Rule 23.16.3204 - RECORD KEEPING REQUIREMENTS(1) An organization or individual conducting a fantasy sports league shall retain the following records for one year after the league winners are determined: (a) name and address of each individual who participated as a member in the league;(b) total amount collected for each of the following fees:(c) number of interim trades or purchases made by each member;(d) proof of the purchase price of any merchandise prize awarded; and(e) a list of the prizes awarded at the conclusion of the league season, including: (i) the amount of each prize;(ii) name of the member awarded each prize; and(iii) total value of the payout of the fantasy league.(2) Records required under this rule must be presented to the department upon request.Mont. Admin. r. 23.16.3204
NEW, 1991 MAR p. 1942, Eff. 10/18/91.23-5-115, MCA; IMP, 23-5-801, 23-5-805, MCA;