75-76-251 - Application of foreign corporation to register as publicly traded corporation; investigation by executive director; cost of investigation. - Mississippi Statutes

§ 75-76-251. Application of foreign corporation to register as publicly traded corporation; investigation by executive director; cost of investigation.
 

(1)  A corporation or other legal entity which is organized under the laws of another country and seeks to register with the commission as a publicly traded corporation must submit an application to the executive director. 

(2)  The application must provide the executive director with information showing that the applicant's business activities are regulated by a governmental authority of the foreign country in a manner which will prevent those activities from posing any threat to the control of gaming in this state. 

(3)  The executive director may conduct an investigation of the applicant and the governmental authority responsible for regulation of the applicant. The executive director shall require the applicant to pay the executive director's anticipated expenses for such an investigation, and may, after completing such an investigation, charge the applicant any amount necessary to cover an underpayment of the actual expenses. 
 

Sources: Laws,  1990 Ex Sess, ch. 45, § 127, eff from and after passage (approved June 29, 1990).