Sec. 8c.
(1) A license issued under this act is a revocable privilege granted by the state and is not a property right. Granting a license under this act does not create or vest any right, title, franchise, or other property interest. Each license is exclusive to the licensee, and a licensee or any other person shall apply for and receive the board's and city's approval before a license is transferred, sold, or purchased, or before a voting trust agreement or other similar agreement is established with respect to the license. A licensee or any other person shall not lease, pledge, or borrow, or loan money against a license. The attempted transfer, sale, or other conveyance of an interest in a license without prior board approval is grounds for suspension or revocation of the license, or other sanction considered appropriate by the board.
(2) Upon the termination of a development agreement between a casino licensee and the city in which the casino is located, the board upon the request of the city shall revoke that licensee's casino license.
History: Add. 1997, Act 69, Imd. Eff. July 17, 1997 Popular Name: Proposal E
Structure Michigan Compiled Laws
Initiated Law 1 of 1996 - Michigan Gaming Control and Revenue Act (432.201 - 432.226)
Section 432.201 - Short Title.
Section 432.202 - Definitions.
Section 432.203 - Casino Gaming Authorized.
Section 432.204 - Michigan Gaming Control Board; Creation; Membership; Duties.
Section 432.204a - Michigan Gaming Control Board; Jurisdiction; Powers.
Section 432.204b - Appropriation; Reimbursement; Credit Against Annual Assessment.
Section 432.204c - Disclosure of Information.
Section 432.204d - Member, Employee, or Agent of Board; Conduct Generally.
Section 432.205 - Application for Casino License.
Section 432.206 - Issuance of Casino Licenses; Eligibility; Limitations.
Section 432.206a - Application Deficiency.
Section 432.206b - Operation of Occupational License Training School.
Section 432.206c - Institutional Investor.
Section 432.207 - Repealed. 1997, Act 69, Imd. Eff. July 17, 1997.
Section 432.207a - Supplier's License.
Section 432.207b - Repealed. 2019, Act 158, Imd. Eff. Dec. 20, 2019.
Section 432.207c - Local Labor Organizations; Requirements.
Section 432.208 - Occupational Licenses.
Section 432.208a - Repealed. 2019, Act 158, Imd. Eff. Dec. 20, 2019.
Section 432.208b - Background Check on Prospective Employee.
Section 432.209 - Conduct of Gaming.
Section 432.209a - Electronic Funds Transfer Terminal.
Section 432.209b - Televised Simulcast Horse Races.
Section 432.209c - Toll-Free Compulsive Gaming Helpline Number; Posting.
Section 432.209d - Acceptance of Lien Prohibited.
Section 432.210 - Repealed. 2019, Act 158, Imd. Eff. Dec. 20, 2019.
Section 432.211 - Collection of Amounts Under Credit Agreements.
Section 432.213 - Municipal Services Fee.
Section 432.213a - Imposition of Other Taxes.
Section 432.214 - Audit of License Operations.
Section 432.215 - Annual Report of Board; Annual Study of Licensee; “Minor” Defined.
Section 432.216 - Repealed. 1997, Act 69, Imd. Eff. July 17, 1997.
Section 432.217 - Contested Cases; Appeals.
Section 432.219 - Property Subject to Seizure, Confiscation, Destruction, or Forfeiture.
Section 432.220 - Conduct Subject to Civil Penalty.
Section 432.221 - Criminal History Record Check; Fingerprinting.
Section 432.222 - Exemption From Federal Law.
Section 432.223 - Shipment of Gambling Devices.
Section 432.224 - Conservatorship.