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Can you summarize ARAR 006.06.514?
Casino Gaming Rules > Limited Partnership Licensees
Short Summary
This document, part of the Arkansas Administrative Rules, specifically pertains to limited partnership licensees in the context of casino gaming. It provides definitions for various terms related to limited partnerships and establishes the powers of the Arkansas Racing Commission in granting, denying, and revoking licenses. The document also outlines the burden of proof for obtaining approvals, the prohibition on ownership of limited partnership licensees without prior approval, and the registration requirements for limited partners. Additionally, it covers the licensing and registration process for general partners and limited partners of limited partnership holding companies. The document emphasizes the Commission’s authority to recommend disciplinary actions and the need for compliance with state policies regarding gaming. Specific provisions are included for the certificate of limited partnership, public offerings, assignment of securities, and determination of suitability for licensees and limited partners.
Whom does it apply to?
Limited partnership licensees, holding companies, general partners, limited partners
What does it govern?
Limited partnership licensees
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Arkansas