75-76-243 - Legislative declarations with respect to corporate acquisitions, repurchases of securities and corporate defense tactics.
§ 75-76-243. Legislative declarations with respect to corporate acquisitions, repurchases of securities and corporate defense tactics.
The Legislature hereby declares that:
(a) Some corporate acquisitions, repurchases of securities and corporate defense tactics affecting corporate gaming licensees and publicly traded corporations that are affiliated companies can constitute business practices which may be injurious to stable and productive corporate gaming.
(b) A regulatory scheme established to ameliorate the potential adverse effects of these business practices upon the gaming industry must be properly developed to balance the interests of Mississippi gaming, interstate commerce and federal regulation of securities.
(c) A regulatory scheme established to ameliorate the potential adverse effects of these business practices upon the gaming industry may best be accomplished by the adoption and enforcement of regulations by the commission.
Sources: Laws, 1990 Ex Sess, ch. 45, § 123, eff from and after passage (approved June 29, 1990).