97-33-81 - Overlap of financial interest between organizations conducting games and manufacturers, distributors, or lessors.
§ 97-33-81. Overlap of financial interest between organizations conducting games and manufacturers, distributors, or lessors.
(1) No organization which conducts charitable bingo games shall be a manufacturer, distributor or operator of supplies or equipment for such games.
(2) No officer, director or manager of an organization which conducts charitable bingo games shall:
(a) Have a direct or indirect financial interest in any entity which manufactures or distributes supplies or equipment for charitable bingo games;
(b) Serve as an officer, director, shareholder, proprietor or employee of an entity which manufactures or distributes supplies or equipment for charitable bingo games; or
(c) Serve as an officer, director, shareholder, proprietor or employee of a commercial lessor who leases buildings, structures or premises to organizations licensed under the provisions of Sections 97-33-51 through 97-33-203.
(3) No entity which manufactures or distributes supplies or equipment for charitable bingo games of chance; no officer, director, shareholder, proprietor or employee of such entity; and no person having a direct or indirect financial interest in such an entity shall lease premises, directly or indirectly, to an organization for purposes of conducting charitable bingo games of chance.
(4) No entity or person described in subsections (1), (2) or (3) of this section shall serve as a commercial lessor.
Sources: Laws, 1992, ch. 581, § 17; Laws, 1994, ch. 635, § 14, eff from and after October 1, 1994.