Section 116.02 - Persons Required to be Qualified(1) The following persons shall be required to qualify as part of the Phase 1 or new qualifier determination for a Category 1 or Category 2 license: (a) If the applicant is a corporation: 3. In the judgment of the commission in accordance with this M.G.L. c. 23K:a. each shareholder holding 5% or more of the common stock of the companyc. each holder of evidence of indebtedness(b) If the applicant is a limited liability corporation:2. Each transferee of a Member's interest5. In the judgment of the commission in accordance with M.G.L. c. 23K:b. each holder of evidence of indebtedness(c) If the applicant is a limited partnership:3. In the judgment of the commission in accordance with this M.G.L. c. 23K: b. each holder of evidence of indebtedness(d) If the applicant is a partnership:2. In the judgment of the commission in accordance with this M.G.L. c. 23K:b. each holder of evidence of indebtednessg. In all cases, any person who, in the opinion of the commission, can exercise control or provide direction to a gaming licensee or applicant for a gaming license or holding, intermediary or subsidiary companies thereof.(2)Other Qualifiers. The commission may, at its sole discretion, require other persons or companies that have a business association of any kind with the applicant or gaming licensee to undergo a Phase 1 or new qualifier review and determination process under 205 CMR 115.00: Phase 1 and New Qualifier Suitability Determination, Standards and Procedures. These affiliated companies or persons include, but are not limited to, holding, intermediary or subsidiary companies of the applicant.Amended by Mass Register Issue 1267, eff. 8/15/2014.Amended by Mass Register Issue 1308, eff. 3/11/2016.Amended by Mass Register Issue 1477, eff. 9/2/2022.