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Mississippi Statutes, Title 75

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Mississippi/Statutes

← All Mississippi coverage

Title 75, Regulation of Trade, Commerce and Investments

77 chapters · 1,836 sections in this title.

All chapters in Title 751,836 Ch 76, Mississippi Gaming Control Act151 Ch 9, Uniform Commercial Code—Secured Tran…148 Ch 67, Loans142 Ch 2, Uniform Commercial Code — Sales104 Ch 3, Uniform Commercial Code — Negotiable…68 Ch 27, Weights and Measures67 Ch 24, Regulation of Business for Consumer …65 Ch 71, Mississippi Securities Act of 201054 Ch 8, Uniform Commercial Code—Revised Arti…51 Ch 16, Money Transmission Modernization Act45 Ch 7, Uniform Commercial Code—Documents of…42 Ch 4, Uniform Commercial Code—Bank Deposit…41 Ch 29, Sale and Inspection of Food and Drugs39 Ch 57, Liquefied Petroleum Gases37

1,836 sections·Filtered byTitle 75✕

Miss. Code Ann. § 75-76-195 License fee based on gross revenues of licensee imposed by municipalities and counties; penalty for failure to pay fee
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(1) In addition to any state gaming license fees or taxes, from and after August 1, 1990, (a) a municipality may impose a fee upon a licensee located within the municipality for conducting, carrying on or operating any gambling game, slot machine or other game of chance based upo…
Miss. Code Ann. § 75-76-197 Distribution of fees collected under provisions of section 75-76-195
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(a) On or before the fifteenth day of each month, the gross revenue fees collected under the provisions of Section 75-76-195 during the preceding month shall be paid and distributed as follows:(a) Fees designated as “local government fees” remitted by licensees who are located wi…
Miss. Code Ann. § 75-76-199 Issuance of gaming licenses to corporations, limited partnerships, holding companies or intermediary companies or publicly traded corporations; definitions applicable to Sections 75-76-199 through 75-76-265
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(a) For the purpose of Sections 75-76-199 through 75-76-265:(a) “Affiliated company” means a subsidiary company, holding company, intermediate company or any other form of business organization that:(i) Controls, is controlled by or is under common control with a corporate licens…

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Miss. Code Ann. § 75-76-201 State policy with respect to issuance of gaming license to corporations; waiver of requirements

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(1) The policy of the State of Mississippi with respect to the issuance of state gaming licenses to corporations is:(a) To maintain effective control over the conduct of gaming by corporate licensees.(b) To restrain any speculative promotion of the stock or other securities of ga…

Miss. Code Ann. § 75-76-203 Eligibility requirements for corporations

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(a) In order to be eligible to receive a state gaming license, a corporation shall:(a) Be incorporated:(i) In the State of Mississippi, although such corporation may be a wholly or partly owned subsidiary of a corporation which is chartered in another state of the United States; …

Miss. Code Ann. § 75-76-205 Additional requirements for corporations

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No domestic corporation is eligible to receive a gaming license unless it is in good standing in this state. No foreign corporation is eligible to receive a gaming license unless it qualifies to do business in this state.

Miss. Code Ann. § 75-76-207 Approval of commission required for any disposition of securities of licensed corporation; finding of unsuitability of individual owner of security; effect of finding of unsuitability; certificate evidencing security to bear statement of restrictions

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(1) The purported sale, assignment, transfer, pledge or other disposition of any security issued by a corporation which holds a state gaming license or the granting of an option to purchase such a security is void unless approved in advance by the commission. (2) If at any time t…

Miss. Code Ann. § 75-76-209 Information required of corporations applying for gaming license

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(a) A corporation which applies for a state gaming license shall register as a corporation with the commission and shall provide the following information to the executive director:(a) The organization, financial structure and nature of the business to be operated, including the …

Miss. Code Ann. § 75-76-21 Power of executive director in pursuit of attainment of objectives and purposes of Gaming Control Act; costs of administration; authority to employ employees

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(1) The executive director in pursuit of the attainment of the objectives and the purposes of this chapter may:(a) Sue and be sued on behalf of the commission;(b) Acquire real property in accordance with statutory procedure and make improvements thereon on behalf of the commissio…

Miss. Code Ann. § 75-76-211 Officers and directors of corporation required to be licensed; other persons required to be licensed

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All officers and directors of the corporation which holds or applies for a state gaming license must be licensed individually, according to the provisions of this chapter; and if, in the judgment of the commission, the public interest will be served by requiring any or all of the…

Miss. Code Ann. § 75-76-213 Report of proposed issuance or transfer of corporate securities; report of change in corporate officers and directors; approval of commission

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(1) After licensing pursuant to this chapter, but before the corporation may issue or transfer any security to any person, it shall file a report of its proposed action with the commission and the executive director, which report shall request the approval of the commission. The …

Miss. Code Ann. § 75-76-215 Report of changes in corporate key executives; furnishing annual profit and loss statement, balance sheet and federal income return

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(1) After licensing pursuant to this chapter, the corporation shall:(a) Report to the commission and the executive director in writing any change in corporate personnel who have been designated by the commission or the executive director as key executives.(b) Furnish the executiv…

Miss. Code Ann. § 75-76-217 Failure of corporate employee to obtain or retain license; notice of new employee replacing terminated employee

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(1) If an employee of a corporate licensee who is required to be licensed individually:(a) Does not apply for a license within thirty (30) days after the executive director requests him to do so, and the commission makes a finding of unsuitability for that reason; or(b) Is denied…

Miss. Code Ann. § 75-76-219 State policy with respect to issuance of gaming licenses to limited partnerships; waiver of requirements

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(1) The policy of the State of Mississippi with respect to the issuance of state gaming licenses to limited partnerships is:(a) To maintain effective control over the conduct of gaming by limited partnership licensees.(b) To restrain any speculative promotion of limited partnersh…

Miss. Code Ann. § 75-76-221 Eligibility requirements for limited partnerships

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(a) In order to be eligible to receive a state gaming license, a limited partnership shall:(a) Be formed under the laws of this state;(b) Maintain an office of the limited partnership on the licensed premises;(c) Comply with all of the requirements of the laws of this state perta…

Miss. Code Ann. § 75-76-223 Approval of commission required for any disposition of any interest in licensed limited partnerships; finding of unsuitability of individual to hold interest; effect of finding of unsuitability; certificate of limited partnership to bear statement of restrictions

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(1) The sale, assignment, transfer, pledge or other disposition of any interest in a limited partnership which holds a state gaming license is ineffective unless approved in advance by the commission. (2) If at any time the commission finds that an individual owner of any such in…

Miss. Code Ann. § 75-76-225 Information required of limited partnership applying for gaming license

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(a) A limited partnership which applies for a state gaming license shall register as a limited partnership with the commission and shall provide the following information to the executive director:(a) The organization, financial structure and nature of the business to be operated…

Miss. Code Ann. § 75-76-227 Partners of limited partnership required to be licensed; other persons required to be licensed

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Every general partner and limited partner of a limited partnership which holds or applies for a state gaming license must be licensed individually, according to the provisions of this chapter; and if, in the judgment of the commission, the public interest will be served by requir…

Miss. Code Ann. § 75-76-229 Report of changes in limited partnership key executives; furnishing annual profit and loss statement, balance sheet and federal income tax return

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(1) After licensing pursuant to this chapter, the limited partnership shall:(a) Report to the commission and the executive director in writing any change in personnel who have been designated by the commission as key executives.(b) Furnish the executive director an annual profit …

Miss. Code Ann. § 75-76-23 Duties of executive director with respect to directing and supervising administrative and technical activities of commission

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(a) The executive director shall direct and supervise all administrative and technical activities of the commission in accordance with the provisions of this chapter and with the administrative procedures of and regulations adopted by the commission. It shall be the duty of the e…

Miss. Code Ann. § 75-76-231 Failure of employee of limited partnership to obtain or retain license; notice of new employee replacing terminating employee

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(1) If an employee of a limited partnership licensee who is required to be licensed individually:(a) Does not apply for a license within thirty (30) days after the executive director requests him to do so, and the commission makes a finding of unsuitability for that reason; or(b)…

Miss. Code Ann. § 75-76-233 Holding companies and intermediary companies; application of sections 75-76-235 through 75-76-241

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Sections 75-76-235 through 75-76-241, inclusive, apply to every holding company or intermediary company except a publicly traded corporation which has been exempted from the operation of all or some of the provisions of such sections.

Miss. Code Ann. § 75-76-235 Requirements of holding companies and intermediary companies having subsidiary with gaming license; investigations; findings of unsuitability; certificate evidencing security in company to bear statement of restrictions; approval required for public offering of securities; additional requirements

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(1) If the corporation applying for or holding a license is or becomes a subsidiary, each holding company and each intermediary company with respect thereto must:(a) Qualify to do business in the State of Mississippi.(b) If it is a corporation, register with the commission and fu…

Miss. Code Ann. § 75-76-237 Officers, directors, etc. of holding company or intermediary company required to be found suitable; licensing requirements; failure to obtain or maintain suitability finding or license

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(1) Each officer, employee, director, partner, principal, trustee or direct or beneficial owner of any interest in any holding company or intermediary company who the commission determines is or is to become engaged in the administration or supervision of, or any other significan…

Miss. Code Ann. § 75-76-239 Information required of holding company and intermediary company

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(a) If the corporation applying for or holding a license is or becomes a subsidiary, each holding company and intermediary company shall furnish the executive director the following information:(a) The organization, financial structure and nature of the business it operates.(b) T…

Miss. Code Ann. § 75-76-241 Penalties for failure of corporate or limited partnership licensee or holding company or intermediary company to comply with laws and regulations

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(a) If any corporate or limited partnership licensee, or if any holding company or intermediary company with respect thereto, does not comply with the laws of this state and the regulations of the commission, the commission may, in its discretion, do any one, all or a combination…

Miss. Code Ann. § 75-76-243 Legislative declarations with respect to corporate acquisitions, repurchases of securities and corporate defense tactics

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(a) The Legislature hereby declares that:(a) Some corporate acquisitions, repurchases of securities and corporate defense tactics affecting corporate gaming licensees and publicly traded corporations that are affiliated companies can constitute business practices which may be inj…

Miss. Code Ann. § 75-76-245 State policy with respect to corporate acquisitions; repurchases of securities and corporate recapitalizations

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(a) The policy of the State of Mississippi with respect to corporate acquisitions, repurchases of securities and corporate recapitalizations affecting corporate licensees and publicly traded corporations that are affiliated companies is to:(a) Assure the financial stability of co…

Miss. Code Ann. § 75-76-247 Regulations for review and approval of corporate acquisitions, repurchase of securities and corporate defense tactics

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(a) The commission may adopt regulations providing for the review and approval of corporate acquisitions, repurchases of securities and corporate defense tactics affecting corporate gaming licensees and publicly traded corporations that are affiliated companies. The regulations m…

Miss. Code Ann. § 75-76-249 Exemptions for publicly traded corporations; application of alternative provisions

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(a) The commission may exempt a publicly traded corporation from compliance with:(a) The provisions of Section 75-76-207.(b) Some or all of the provisions of Sections 75-76-235 through 75-76-241. To the extent of such an exemption, the corporation shall comply instead with the pr…

Miss. Code Ann. § 75-76-25 Attorney General to represent and advise commission and executive director

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Except as otherwise authorized in Section 7-5-39, the Attorney General and his assistants shall represent the commission and the executive director in any proceeding to which the commission or the executive director is a party under this chapter and shall also advise the commissi…

Miss. Code Ann. § 75-76-251 Application of foreign corporation to register as publicly traded corporation; investigation by executive director; cost of investigation

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(1) A corporation or other legal entity which is organized under the laws of another country and seeks to register with the commission as a publicly traded corporation must submit an application to the executive director. (2) The application must provide the executive director wi…

Miss. Code Ann. § 75-76-253 Considerations in determining whether to recommend application to register as publicly traded corporation; hearing before executive director not required

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(a) In determining whether to recommend that the commission approve an application submitted pursuant to Section 75-76-251, the executive director may consider, in addition to all other requirements of this chapter:(a) Whether the governmental authority in the foreign country has…

Miss. Code Ann. § 75-76-255 Requirements of publicly traded corporation owning or controlling licensed corporation, limited partnership or holding company

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(1) If a corporation or limited partnership applying for or holding a state gaming license is or becomes owned in whole or in part or controlled by a publicly traded corporation, such publicly traded corporation must:(a) Maintain a ledger in the principal office of its subsidiary…

Miss. Code Ann. § 75-76-257 Officers, directors and employees of publicly traded corporations subject to findings of suitability and licensing; failure to obtain or maintain suitability or license

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(1) Each officer and employee of a publicly traded corporation who the commission determines is, or is to become, actively and directly engaged in the administration or supervision of, or any other significant involvement with, the activities of the corporate or limited partnersh…

Miss. Code Ann. § 75-76-259 Information required from publicly traded corporations; alternative information required of publicly traded foreign corporations

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(1) Except as provided in subsection (2), after the publicly traded corporation has registered pursuant to this chapter, and while the subsidiary holds a gaming license, the publicly traded corporation shall:(a) Report promptly to the executive director in writing any change in i…

Miss. Code Ann. § 75-76-261 Failure of publicly traded corporation or its subsidiary corporation or limited partnership to comply with laws and regulations

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(a) If any corporate or limited partnership licensee owned or controlled by a publicly traded corporation subject to the provisions of this chapter, or that publicly traded corporation, does not comply with the laws of this state and the regulations of the commission, the commiss…

Miss. Code Ann. § 75-76-263 Certain persons controlling ownership interest in publicly traded corporation subject to finding of suitability; reports required to be filed with commission

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(1) Each person who acquires, directly or indirectly, beneficial ownership of any voting security in a publicly traded corporation which is registered with the commission may be required to be found suitable if the commission has reason to believe that his acquisition of such own…

Miss. Code Ann. § 75-76-265 Effect of failure of person connected with corporate licensee, holding company or intermediary company to obtain or maintain finding of suitability or license

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(a) If any person who is required by or pursuant to this chapter to be licensed or found suitable because of his connection with a corporate licensee, holding company or intermediary company, including a publicly traded corporation, fails to apply for a license or a finding of su…

Miss. Code Ann. § 75-76-267 Penalties for violation of Gaming Control Act

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(1) Conviction by a court of competent jurisdiction of a person for a violation of, an attempt to violate, or a conspiracy to violate any of the provisions of this chapter shall act as an immediate revocation of all licenses which have been issued to the violator, and, in additio…

Miss. Code Ann. § 75-76-269 Foreign gaming; definitions applicable to Sections 75-76-271 through 75-76-277

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(a) For the purposes of Sections 75-76-271 through 75-76-277:(a) “Foreign gaming” means any gaming operations outside this state.(b) “Licensee” means a person who:(i) Is licensed or required to be licensed pursuant to Section 75-76-57 or 75-76-63; or(ii) Is or is required to be l…

Miss. Code Ann. § 75-76-27 Provisions of Gaming Control Act to be administered for protection of public and in public interest; powers of executive director relative to licensing; powers of commission and executive director with respect to issuance of subpoenas and compelling testimony; power to appoint hearing examiners

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(1) The provisions of this chapter with respect to state gaming licenses and manufacturer’s, seller’s and distributor’s licenses shall be administered by the executive director for the protection of the public and in the public interest in accordance with the policy of this state…

Miss. Code Ann. § 75-76-271 Approval required for involvement of licensee in foreign gaming; exceptions

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(1) Except as provided in subsections (2), (3) and (5), no licensee may be involved in foreign gaming without the prior approval of the commission, acting upon a recommendation of the executive director. Any approval granted under this section is a privilege which may be revoked,…

Miss. Code Ann. § 75-76-273 Application for approval to participate in foreign gaming

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(1) A licensee seeking approval to participate in foreign gaming shall apply to the executive director in writing, under oath, supplying any information and supporting data pertaining to himself and to the foreign gaming operations which the executive director and the commission …

Miss. Code Ann. § 75-76-275 Factors to be considered in decision to grant or deny approval to conduct foreign gaming operations; imposition of conditions of approval

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(1) The executive director and the commission shall consider without limitation the following factors in deliberating the granting or denial of approval to conduct foreign gaming operations:(a) The means, including agreements with foreign jurisdictions, for the commission and the…

Miss. Code Ann. § 75-76-277 Penalty for continued participation in foreign gaming operations after termination of approval

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A licensee who continues participation in foreign gaming operations after an order of the commission terminating approval engages in an unsuitable method of operation and may be disciplined by the commission.

Miss. Code Ann. § 75-76-279 Temporary exemption of cruise vessel or vessel licensed under Gaming Control Act from ad valorem taxes; Department of Revenue to recommend method of taxing cruise vessels and vessels

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(1) From and after June 29, 1990, any cruise vessel or vessel which is licensed under the provisions of this chapter and which is used for gambling games, as determined by the Tax Commission, shall be exempt from all ad valorem taxes through June 30, 1991. (2) On or before Decemb…

Miss. Code Ann. § 75-76-28 Powers, duties and responsibilities of commission with respect to Charitable Bingo Law

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The commission has full power and authority to exercise any of the powers, duties and responsibilities set forth in Sections 97-33-51 through 97-33-81, 97-33-101 through 97-33-109, 97-33-201 and 97-33-203.

Miss. Code Ann. § 75-76-281 Officials not to derive benefit as result of duties under Gaming Control Act; penalties

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No elected or appointed official shall derive any pecuniary benefit, directly or indirectly, other than compensation and any other benefits authorized by law, as a result of such elected or appointed official’s duties under this chapter. Any person convicted of a violation of thi…

Miss. Code Ann. § 75-76-29 Executive director to investigate applicants and licensees; authority to make recommendations concerning applicants and licensees; authority of commission with respect to licenses; licenses as revocable privilege; finality of decision of commission

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(1) The executive director and his employees shall investigate the qualifications of each applicant under this chapter before any license is issued or before any registration, finding of suitability or approval of acts or transactions for which commission approval is required is …