16-633-28 Me. Code R. § 1

Current through 2024-51, December 18, 2024

Section 633-28-1 - DEFINITIONS

The following words and terms shall have the following meanings unless the context indicates otherwise:

1. "Abandoned advance deposit wagering account" means an advance deposit wagering account where there has been no activity by the account holder for three (3) years.

2. "Account" means an account for advance deposit wagering with a specific identifiable record of credits, debits, deposits, wagers, and withdrawals established by an account holder and managed by the advance deposit wagering operator.

3. "Account applicant" means a natural person who has submitted an account application to an advance deposit wagering operator.

4. "Account application" means the form or forms approved by the Board for establishment of an account.

5. "Account holder" means a natural person who successfully completed an account application and for whom the advance deposit wagering operator has opened an account.

6. "Advance deposit wagering" has the same meaning as set forth in 8 M.R.S.A. §1001 (1- A)

7. "Advance deposit wagering facility" means the actual location, equipment, and staff of an advance deposit wagering operator involved in the management, servicing and operation of advance deposit wagering.

8. "Advance deposit wagering licensee" means a person licensed by the Board pursuant to Subchapter 7 of 8 M.R.S. Chapter 31 to conduct advance deposit wagering.

9. "Advance deposit wagering operator" means those persons or entities licensed by the Board with the authority to operate as approved by the Board, including, but not limited to, establishing and closing accounts, accepting deposits and wagers, issuing a receipt or other confirmation to the account holder evidencing such deposits and wagers, and transferring credits and debits to and from accounts.

10. "Account wagering provider" has the same meaning as set forth in 8 M.R.S. §1001 (1-C).

11. "Board" means the Maine State Gambling Control Board created by 8 M.R.S. §1002, or its designee.

12. "Confidential information" Confidential information includes:

A. The amount of money credited to, debited from, withdrawn from, or present in any particular account holder's account;

B. The amount of money wagered by a particular account holder on any race or series of races;

C. The account number and secure personal identification code of a particular account holder;

D. The identities of particular entries on which the account holder is wagering or has wagered; and

E. Unless otherwise authorized by the account holder, the name, address, Social Security number in whole or in part and other information obtained in the opening of an account or otherwise in the possession of the advance deposit wagering operator that would identify the account holder to anyone other than the Board.

13. "Corporation" means a business structure allowed by state statute that is recognized as a separate legal entity distinct from its members.

14. "Credits" means all positive inflow of money to an account.

15. "Debits" means all negative outflow of money from an account.

16. "Deposit" means a payment of money by cash, check, money order, credit card, debit card, or electronic funds transfer made by an account holder to the account holder's account.

17. "Gross advance deposit wagers" has the same meaning as set forth in 8 M.R.S. §1001 (20-A)

18. "Limited Liability Company" means a business structure allowed by state statute and having one or more members and a limited liability company agreement.

19. "Natural person" means any person at least eighteen (18) years of age, but does not include a custodian, beneficiary, joint trust corporation or other organization, including any corporation, partnership, limited liability company, trust, or estate.

20. "Net commission" has the same meaning as set forth in 8 M.R.S. §1001 (29-C).

21. "Partnership" means a relationship between individuals for the achievement of a specific goal.

22. "Person" means an individual or a business organization.

23. "Principal residence address" means the place where the natural person submitting an account application has established a fixed and principal home to which the person, whenever temporarily absent, intends to return.

24. "Proper identification" means a form of personal identification accepted in the normal course of business to establish that the natural person making a transaction is the account holder.

25. "Secure personal identification code" means an alpha-numeric character code chosen by an account holder as a means by which the advance deposit wagering operator may verify a wager or account transaction as authorized by the account holder.

26. "Withdrawal" means a payment of money from an account by the advance deposit wagering operator to the account holder when payment is requested by the account holder.

27. "Withdrawal slip" means a form provided by the advance deposit wagering operator for use by an account holder in withdrawing funds from an account.

16-633 C.M.R. ch. 28, § 1