La. Admin. Code tit. 42 § I-1935

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-1935 - Combination of Interests Prohibited

A. No officer, director, or manager of an organization which conducts charitable games of chance shall:

1. have a direct or indirect financial interest in any entity which manufactures or distributes electronic video bingo machines;

2. serve as an officer, director, shareholder of more than 2 percent of the shares, proprietor or employee of an entity which manufactures or distributes electronic video bingo machines.

B. No person or the immediate family members of a person who serves as an officer, director, shareholder of more than 2 percent of the shares, proprietor, or employee of an entity which manufactures or distributes electronic video bingo machines shall act as a commercial lessor in this state.

La. Admin. Code tit. 42, § I-1935

Promulgated by the Department of Public Safety and Corrections, Office of State Police, LR 17:482 (May 1991).

AUTHORITY NOTE: Adopted in accordance with R.S. 40:1485.4 and R.S. 33:4861.17.