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Section 26: Ownership and disclosure threshold

 432.226 Ownership and disclosure threshold.

 

Sec. 26. For purposes of sections 5, 6, and 7a, the ownership and disclosure threshold as to any company whose stock is widely held, publicly traded, and regulated by the securities and exchange commission shall be beneficial ownership of more than a 5% interest in the company, provided, however, the board shall have the authority, by rule or order, to establish a reporting threshold below 5% if the company knew or should have known the identity of the person holding the interest below 5%.

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Related Content
 •  Section 1: Short Title
 •  Section 2: Definitions
 •  Section 3: Casino gaming authorized
 •  Section 4: Michigan gaming control board
 •  Section 4a: Michigan gaming control board; jurisdiction; powers
 •  Section 4b: Appropriation; reimbursement; credit against annual assessment
 •  Section 4c: Disclosure of information
 •  Section 4d: Member, employee, or agent of board; conduct generally
 •  Section 5: Application for casino license
 •  Section 6: Casino licenses
 •  Section 6a: Application deficiency
 •  Section 6b: Operation of occupational license training school
 •  Section 6c: Institutional investor
 •  Section 7a: Supplier's license
 •  Section 7b: Definitions; person considered to have interest in licensee or casino; contributions; exception
 •  Section 7c: Local labor organizations; requirements
 •  Section 8: Occupational licenses
 •  Section 8a: Bond; posting; cancellation; limitation
 •  Section 8b: Background check on prospective employee
 •  Section 8c: License as revocable privilege; rights, limitations, and prohibitions; revocation

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