Mich. Comp. Laws § 432.271
Short title.
This act shall be known and may be cited as the "casino interest registration act".
Michigan Compiled Laws — CASINO INTEREST REGISTRATION ACT (Act 74 of 1997)
Michigan · statute · 74 of 1997, Mich. Comp. Laws · 8 active provisions
Mich. Comp. Laws § 432.272
Definitions.
As used in this act: (a) "Affiliate" means a person who, directly or indirectly, through 1 or more intermediaries, controls, is controlled by, or is under common control with; is in a partnership or joint venture relationship with; or is a co-shareholder of a corporation, a co-member of a limited liability company, or…
Mich. Comp. Laws § 432.273
Casino interest registration; form; late registration fee; violation of section as misdemeanor; penalty; notice of termination.
(1) Not later than 5 days after obtaining a casino interest, the person who holds the casino interest shall file a registration form with the secretary of state. The registration shall contain the following information: (a) The name and office address of the person holding the casino interest. (b) A description of the…
Mich. Comp. Laws § 432.274
Registration form; other information required.
A person, other than an individual, who holds a 1% or more interest in a casino licensee or casino enterprise shall, in addition to the other information required in section 3, include on its registration form the names of its principal officers, board members, partners, or directors.
Mich. Comp. Laws § 432.275
Registration forms; preparation and publication of summaries by department; dissemination to public.
Twice a year, the department shall prepare and publish summaries of the registration forms received. The summaries shall include a list of the names of the persons who hold casino interests. The summaries shall be given wide public dissemination.
Mich. Comp. Laws § 432.276
Violation of act or rules; investigation; procedures.
(1) If the secretary of state, upon investigation of a report filed under this act, determines that there is probable cause a violation of this act occurred, the secretary of state shall forward the results of that investigation to the attorney general for enforcement of the penalties provided by this act. (2) A person…
Mich. Comp. Laws § 432.277
Rules.
The secretary of state shall promulgate rules to implement this act pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328.
Mich. Comp. Laws § 432.278
Violation of act or rules; duties of attorney general.
The attorney general upon investigation and determination that this act or a rule promulgated under this act was violated shall do either of the following: (a) Initiate a civil action to enforce this act. (b) Begin criminal prosecution for the imposition of criminal penalties provided by this act in the judicial distri…