Mississippi Administrative Code
Title 13 - Gaming
Part 2 - LICENSING
Chapter 5 - CORPORATE LICENSEES
Rule 13-2-5.1 - Definitions

As used in this regulation, the following terms have the following meanings:

(a) "Control," "controlling," and "controlled by" mean a relationship between two entities whereby one possesses, indirectly or directly, the power to direct or cause the direction of the management and policies of the other, whether through the ownership of voting securities, by contract, or otherwise. The phrase "under common control with" means two entities which are controlled by the same entity.

(b) A person shall be deemed to "own," "hold" or "have" a security of, or interest in, a corporation or other form of business organization if such person has either directly or indirectly, a record or beneficial interest therein.

(c) The terms "sale" and "sell" include every contract of sale of, contract to sell, or disposition of, a security or interest in a security whether or not for value. The terms include an exchange of securities and any material change in the rights, preferences, privileges or restrictions of or on outstanding securities.

(d) The term "security" means any interest or instrument commonly known as a "security", including without limitation, any stock, membership in any corporation or association, bond, debenture or other evidence of indebtedness, investment contract, voting trust certificate, certificate of deposit for a security, or any certificate of interest or participation in, temporary or interim certificate for, receipt for or warrant or register to subscribe to or purchase any of the foregoing. (Adopted: 09/25/1991.)

Miss. Code Ann. § 75-76-199