No Assignment — Not For Profit — Temporary Activities

No Assignment — Not For Profit — Temporary Activities. Franchise licensees may not sell, transfer, or assign their license rights. Provided, however, that franchise licensees may, in their discretion, but with the endorsement and prior written approval of the board, assign their license right to another for temporary, non-profit gaming activities - cockfighting, bingo, batu when such activities do not exceed three calendar days and are conducted in connection with non-profit community events such as village fiestas, celebrations of legal or traditional holidays and holy days. To qualify for such the assignee must apply all revenues raised from this non-for-profit gaming to charitable, educational, or other purposes constituting the basis for a gross revenue exemption pursuant to 4 CMC § 1305(g). Assignees shall be bound by all provisions of this chapter made applicable to the franchise licensee. Source: Rota LL 7-2, § 2; repealed and reenacted by Rota LL 11-3, § 1 (1406), modified.