Michigan Laws 432.135 – Compliance required; assignability or transferability
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 432.135
- Licensee: means a person, including a qualified organization, licensed under this act. See Michigan Laws 432.103
- Millionaire party: means an event at which wagers are placed on games of chance customarily associated with a gambling casino through the use of imitation money or chips that have a nominal value equal to or greater than the value of the currency for which they can be exchanged. See Michigan Laws 432.103
(1) A millionaire party licensee shall comply with this act and the rules promulgated under this act.
(2) A millionaire party licensee shall comply with the terms and requirements of the license.
(3) A millionaire party license is not assignable or transferrable, and a licensee shall not assign or transfer a millionaire party license.