205 CMR 116.02 - Persons Required to be Qualified
(1)
The following persons shall be required to qualify as part of the Phase 1 or
new qualifier determination for a Category 1 or Category 2 license:
(a) If the applicant is a corporation:
1. Each officer
2. Each director
3. In the judgment of the commission in
accordance with this M.G.L. c. 23K:
a. each
shareholder holding 5% or more of the common stock of the company
b. each lender
c. each holder of evidence of
indebtedness
d. each
underwriter
e. each close
associate
f. each
executive
g. each agent
h. each employee
(b) If the applicant is a limited
liability corporation:
1. Each
Member
2. Each transferee of a
Member's interest
3. Each
Director
4. Each Manager
5. In the judgment of the commission in
accordance with M.G.L. c. 23K:
a. each
lender
b. each holder of evidence
of indebtedness
c. each
underwriter
d. each close
associate
e. each
executive
f. each agent
(c) If the applicant is
a limited partnership:
1. Each General
Partner
2. Each Limited
Partner
3. In the judgment of the
commission in accordance with this M.G.L. c. 23K:
a. each lender
b. each holder of evidence of
indebtedness
c. each
underwriter
d. each close
associate
e. each
executive
f. each agent
(d) If the applicant is
a partnership:
1. Each Partner
2. In the judgment of the commission in
accordance with this M.G.L. c. 23K:
a. each
lender
b. each holder of evidence
of indebtedness
c. each
underwriter
d. each close
associate
e. each
executive
f. each agent
g. In all cases, any person who, in the
opinion of the commission, can exercise control or provide direction to a
gaming licensee or applicant for a gaming license or holding, intermediary or
subsidiary companies thereof.
(2)
Other
Qualifiers. The commission may, at its sole discretion, require
other persons or companies that have a business association of any kind with
the applicant or gaming licensee to undergo a Phase 1 or new qualifier review
and determination process under
205 CMR 115.00:
Phase 1 and New Qualifier Suitability Determination, Standards and
Procedures. These affiliated companies or persons include, but are not
limited to, holding, intermediary or subsidiary companies of the
applicant.
Notes
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