Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 3.1 - ADDITIONAL REQUIREMENTS FOR LICENSEES
Rule 2 - Requirements
Section 2-3 - Ledger requirement
Universal Citation: 68 IN Admin Code 2-3
Current through September 18, 2024
Authority: IC 4-33-4-3; IC 4-35-4-2
Affected: IC 4-33-6; IC 4-35-5
Sec. 3.
(a) A casino owner's licensee or applicant that is not publicly traded, and its substantial owners, shall maintain a ledger, which shall at all times reflect:
(1) the ownership of every class of security
issued by the casino owner's licensee;
(2) the names, addresses, and number of
shares held by all equity holders;
(3) the rights and privileges acquired by the
holders of different classes of authorized securities, including
debentures;
(4) the terms on which
securities are to be offered;
(5)
the terms and conditions of all outstanding loans, mortgages, trust deeds,
pledges, or any other indebtedness or security device;
(6) the options existing or to be created;
and
(7) any further financial data
which the executive director or the commission may deem necessary or
appropriate for the protection of the state of Indiana or licensed gambling, or
both.
(b) The ledger shall be available for inspection by the commission or the executive director, or the executive director's designee, at all reasonable times without notice.
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