A person owning an interest in a gaming establishment who is licensed or has been found suitable by the commission does not have to requalify for a license or a finding of suitability whenever he makes his interest the subject matter of a revocable trust in which he retains the entire interest as the sole beneficiary. The settlor of such a trust must file a copy of the trust instrument or any amendment thereof with the executive director before the transfer of the interest becomes effective and before the effective date of any amendment.
Miss. Code Ann. § 75-76-69
Suitability finding and licensing when interest in gaming establishment made subject matter of revocable trust; filing of copy of trust instrument with executive director
Known as the Mississippi Gaming Control Act
The act spans §§ 75–75 (152 sections).
Laws, 1990 Ex Sess, ch. 45, § 35, eff from and after passage (approved June 29, 1990
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.