(1) Not later than 5 days after obtaining a casino interest, the person who holds the casino interest shall file a registration form with the secretary of state. The registration shall contain the following information:
  (a) The name and office address of the person holding the casino interest.
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Terms Used In Michigan Laws 432.273

  • Person: means an individual, limited liability company, proprietorship, firm, partnership, joint venture, syndicate, business trust, labor organization, company, corporation, association, committee, governmental entity, or other legal entity. See Michigan Laws 432.272
  • Person holding a casino interest: includes all of the following:
  (i) A person who holds at least a 1% interest in a casino licensee or casino enterprise. See Michigan Laws 432.272
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
    •   (b) A description of the casino interest.
      (2) A person who fails to register under subsection (1) shall pay a late registration fee of $10.00 for each day the person remains not registered in violation of subsection (1), not to exceed $300.00. A person who is in violation by failing to register as required by this section more than 30 days is guilty of a misdemeanor and shall be fined not more than $1,000.00.
      (3) A person holding a casino interest shall file a notice of termination with the secretary of state within 30 days after the person ceases to hold a casino interest.
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