Rule 13-2-7.2 - Compliance With Miss. Code Ann. Section 75-76-237The Commission may determine that a holding company has failed to comply with Miss. Code Ann. § 75-76-237 and is therefore subject to disciplinary action, if any holding company or intermediary company:
(a) Pays the person found unsuitable pursuant to Miss. Code Ann. § 75-76-237 any dividend or interest upon any securities or any payment or distribution of any kind whatsoever;(b) Recognizes the exercise by any such unsuitable person, directly or indirectly, or through any proxy, trustee or nominee, of any voting right conferred by any securities or interest in any securities;(c) Pays to any such unsuitable person any remuneration in any form, for services rendered or otherwise, or permits the affiliated gaming licensee to make any such payment; or(d) Makes any other payment or distribution, of any kind whatsoever, in respect to any such security or interest by way of, or pursuant to payment of principal, redemption, conversion, exchange or liquidation or any other transaction. (Adopted: 09/25/1991.)Miss. Code Ann. § 75-76-237