Michigan Laws 432.137 – Written rental agreement; requirements; location owner or lessor; prohibited conduct
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Terms Used In Michigan Laws 432.137
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Equipment: means the objects and mechanical, electromechanical, or electronic devices used to determine or assist in determining the winners of prizes at an event. See Michigan Laws 432.102
- Event: means , in article 1, an occasion of bingo games, a raffle, a charity game, or a numeral game conducted under a license issued under article 1, and in article 2, an occasion of a millionaire party conducted under a license issued under article 2. See Michigan Laws 432.102
- Executive director: means the executive director of the board, appointed under section 4 of the Michigan gaming control and revenue act, 1996 IL 1, MCL 432. See Michigan Laws 432.102
- Lessor: means a person who rents a location to a millionaire party licensee for the purpose of conducting an event. See Michigan Laws 432.132
- Licensee: means a person, including a qualified organization, licensed under this act. See Michigan Laws 432.103
- Location: means a building, enclosure, part of a building or enclosure, or a distinct portion of real property that is used for the purpose of conducting an event. See Michigan Laws 432.103
- Location owner: means the person that owns a location or an employee or agent of the person. See Michigan Laws 432.132
- Member: means an individual who qualified for membership in a qualified organization under its bylaws, articles of incorporation, charter, rules, or other written statement. 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
- Person: means an individual, firm, association, corporation, or other legal entity. See Michigan Laws 432.103a
- Qualified organization: means , subject to subdivision (e), either of the following:
(i) A bona fide religious, educational, service, senior citizens, fraternal, or veterans' organization that operates without profit to its members and that either has been in existence continuously as an organization for a period of 5 years or is exempt from taxation under section 501(c) of the internal revenue code of 1986, 26 USC 501(c). See Michigan Laws 432.103a
(1) A millionaire party licensee shall not enter into an agreement with a location owner or lessor unless the agreement is expressed in a written rental agreement that is approved by the executive director.
(2) A location owner or lessor, a partner, member, director, officer, agent, or employee of a location owner or lessor, a shareholder of a privately held corporation that is a location owner or lessor, or a person residing in the same household as any of these shall not do any of the following:
(a) Be an officer of a qualified organization conducting a millionaire party at the location.
(b) Participate as a player in any event being conducted at the location.
(c) Participate in any aspect of an event being conducted at the location, including providing dealers, equipment, or workers, unless all of the following conditions exist:
(i) The location is owned or rented by a qualified organization and used by the qualified organization on a continual basis for the regular use of its members.
(ii) The qualified organization is the millionaire party licensee and is conducting the event.
(iii) The executive director has granted a waiver for the participation.