SEC. 75-76-239. Information required of holding company and intermediary company.
If the corporation applying for or holding a license is or becomes a subsidiary, each holding company and intermediary company shall furnish the executive director the following information:
(a) The organization, financial structure and nature of the business it operates.
(b) The terms, position, rights and privileges of the different classes of securities outstanding.
(c) The terms on which its securities are to be, and during the preceding three (3) years have been, offered to the public or otherwise.
(d) The terms and conditions of all outstanding loans, mortgages, trust deeds, pledges, or any other indebtedness or security device pertaining to the corporate gaming licensee.
(e) The extent of the security holding or other interest in the holding company or intermediary company of all officers, employees, directors, underwriters, partners, principals, trustees or any direct or beneficial owner, and any remuneration as compensation for their services, in the form of salary, wages, fees, or by contract, pertaining to the corporate gaming licensee.
(f) Remuneration to others than directors and officers exceeding Forty Thousand Dollars ($40,000.00) per annum.
(g) Bonus and profit sharing arrangements.
(h) Management and service contracts.
(i) Options existing or to be created in respect of their securities or other interests.
(j) Balance sheets, certified by independent certified public accountants, for not more than the three (3) preceding fiscal years or, if the holding company or intermediary company has not been in existence more than three (3) years, balance sheets from the time of its establishment.
(k) Profit and loss statements, certified by independent certified public accountants, for not more than the three (3) preceding fiscal years, or, if the holding company or intermediary company has not been in existence more than three (3) years, profit and loss statements from the time of its establishment.
(l) Any further financial statements which the executive director or the commission may deem necessary or appropriate for the protection of the State of Mississippi, licensed gambling, or both.
(m) An annual profit and loss statement and annual balance sheet, and a copy of its annual federal income tax return within thirty (30) days after such return is filed with the federal government.
SOURCES: Laws, 1990 Ex Sess, ch. 45, Sec. 121, eff from and after passage (approvedJune 29, 1990).