Current through Vol. 24-19, November 1, 2024
Section R. 432.725a - Persons required to be found eligible and suitableRule725a.
(1) The board shall not issue or renew a sports betting operator license or sports betting supplier license unless every person required by the act and these rules as part of the application for issuance or renewal of the license has first been determined by the board to be eligible and suitable in accordance with the relevant licensing standards set forth in the act and these rules.(2) Unless otherwise prescribed by the board, the following persons are required to be found eligible and suitable as part of the application for the issuance, or request for renewal, of a sports betting operator license or sports betting supplier license: (a) A person who is required to apply for a sports betting operator license or sports betting supplier license under the act and these rules.(b) A person who is included in the term "applicant" as defined in section 2 of the act, MCL 432.403.(c) A person who is a key person.(3) A person required to be found eligible and suitable as part of the application for issuance or renewal of a sports betting operator license or sports betting supplier license must complete and file with the board an application and required disclosure forms in the manner and form prescribed by the board.(4) A person that applies for or holds a sports betting operator or sports betting supplier license must ensure that all persons who are required by the act and these rules to establish their eligibility and suitability as part of the applicant's application for the issuance, or the licensee's maintenance or renewal, of the sports betting operator license or sports betting supplier license have filed, with the board, all required applications, reports, and disclosure forms in the manner and form prescribed by the board.Mich. Admin. Code R. 432.725a
2020 MR 22, Eff. 12/2/2020