Current through Register Vol. 54, No. 25, June 22, 2024
Section 443a.10 - Disposition of net earnings during the period of trusteeship(a) During the period of trusteeship, net earnings, if any, shall be deposited in an escrow account maintained for that purpose.(b) Distributions of net earnings during the period of trusteeship may not be made by the trustee without the prior approval of the Board.(c) A suspended or former principal or slot machine licensee may request a distribution of all or a portion of the net earnings during the period of trusteeship by filing a petition in accordance with § 493a.4 (relating to petitions generally). The suspended or former principal or slot machine licensee shall have the burden of demonstrating good cause for the distribution of the net earnings requested.