Miss. Code § 75-76-69

Current through the 2024 Regular Session
Section 75-76-69 - Suitability finding and licensing when interest in gaming establishment made subject matter of revocable trust; filing of copy of trust instrument with executive director

A person owning an interest in a gaming establishment who is licensed or has been found suitable by the commission does not have to requalify for a license or a finding of suitability whenever he makes his interest the subject matter of a revocable trust in which he retains the entire interest as the sole beneficiary. The settlor of such a trust must file a copy of the trust instrument or any amendment thereof with the executive director before the transfer of the interest becomes effective and before the effective date of any amendment.

Miss. Code § 75-76-69

Laws, 1990 Ex Sess, ch. 45, § 35, eff. 6/29/1990.