Mississippi § 75-76-71 - Person denied gaming license or found unsuitable not entitled to profit from investment; divestiture of interests; enforcement.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-76-71 — Person denied gaming license or found unsuitable not entitled to profit from investment; divestiture of interests; enforcement., with citation guidance and answers to common questions.
§ 75-76-71. Person denied gaming license or found unsuitable not entitled to profit from investment; divestiture of interests; enforcement.
A person who has had his application for a gaming license denied or who has been found unsuitable by the commission: Is not entitled to profit from his investment in a: Corporation other than a publicly traded corporation as that term is defined in this chapter; Partnership; Limited partnership; or Joint venture which has applied for or been granted a license. Shall not retain his interest in a corporation, partnership, limited partnership or joint venture beyond that period prescribed by the commission. Shall not accept more for his interest in a corporation, partnership, limited partnership or joint venture than he paid for it or the market value on the date of the denial of the license or the finding of unsuitability. The executive director may proceed pursuant to this chapter to enforce the provisions of subsection (1).
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 75-76-71
What does Mississippi Code of 1972 Annotated § 75-76-71 cover?
Section 75-76-71 ("Person denied gaming license or found unsuitable not entitled to profit from investment; divestiture of interests; enforcement.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 75-76-71?
A common citation format is "Mississippi Code of 1972 Annotated § 75-76-71" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 75-76-71 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.