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Can you summarize CORS 44-30-801?
UNLAWFUL ACTS > Limited gaming equipment manufacturers or distributors, operators, associated equipment suppliers, retailers, key employees, support licensees, persons contracting with the commission or division - criteria.
Short Summary
This section of the Colorado Limited Gaming Act establishes the criteria for various entities involved in limited gaming operations. It applies to persons licensed under Article 30, including officers, directors, and stockholders of privately held and publicly traded corporations, general and limited partners of partnerships, and individuals connected with other licensed organizations. Additionally, it applies to persons contracting with or supplying goods or services to the commission or division, those providing financing or loans to licensees, and those having ongoing financial or business arrangements related to limited gaming operations. The section sets forth requirements for these individuals, including good moral character, honesty, and integrity, absence of criminal convictions, and compliance with gaming regulations. It also prohibits serious or repeated violations of the Act or making false statements to the commission or division. The section does not specify penalties for non-compliance or violations.
Whom does it apply to?
All persons licensed pursuant to this article 30, officers, directors, and stockholders of privately held corporations licensed pursuant to this article 30, officers, directors, and stockholders holding either five percent or greater interest or a controlling interest in publicly traded corporations licensed pursuant to this article 30, all general partners and all limited partners of partnerships licensed pursuant to this article 30, all persons connected with any other organization licensed pursuant to this article 30 having a relationship to it similar to that of an officer, director, or stockholder of a corporation, all persons contracting with or supplying any goods or service to the commission or the division, all persons supplying financing or loaning money to any licensee connected with the establishment or operation of limited gaming, all persons having a contract, lease, or other ongoing financial or business arrangement with any licensee where the contract, lease, or arrangement relates to limited gaming operations, equipment, devices, or premises
What does it govern?
Criteria for limited gaming equipment manufacturers or distributors, operators, associated equipment suppliers, retailers, key employees, support licensees, persons contracting with the commission or division
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Colorado