Title 9 Part 4220

A horse may be owned by an individual or by a partnership, provided such partnership complies with this Subchapter, but no horse shall be entered and run by an owning partnership if it contains more than four members or if the proportionate interest of any member is less than 25 percent.

A horse owned by a partnership in which the number of members or proportionate interest of any member does not meet the requirements of section 4220.1 may be entered and run only by a lessee of its racing qualities, which lessee shall be an individual or a partnership in which the number of members and the proportionate interest of every member meets the requirements of section 4220.1. In such a case, the lessee may be a member of or may include one or more members of the owning partnership.

All partnerships having any property, ownership or racing interest in a horse, and the name and address of every individual having any such interest in a horse, the relative proportions of such interest and the terms of any sale with contingencies, of any lease or of any arrangement must be signed by all the parties or by their authorized agents and be filed annually at the office of the commission or with the clerk of the course for transmission to that office and must be approved by the commission.

In the case of a partnership which, by ownership or lease, controls the racing qualities of a horse, all of the partners and each of them shall be jointly and severally liable for all stakes and obligations.

All statements of partnerships, of sales with contingencies, of leases or of arrangements shall declare to whom winnings are payable (which must be the name of the nominator), in whose name the horse will run and with whom rests the power of entry.

No statement of partnership which proposes by ownership or lease, to control the racing qualities of any horse will be accepted unless the proportionate interest of each such partner is at least 25 percent.

No member of a partnership which owns or leases the racing qualities of a horse shall assign his share or any part of or interest in it without the written consent of the other partners. No assignment of an interest in a partnership, which, by ownership or lease, controls the racing qualities of a horse, will be accepted if the effect of the assignment would be to create a partnership which would not be accepted under the terms of section 4220.1.

An individual or partnership may adopt a stable name under which to race horses which does not conflict with another stable name. All stable names shall be filed with and be subject to the approval or disapproval of the commission.

An individual cannot have more than one stable name at the same time and, so long as such individual has a stable name, he shall not use or permit the use of his real name to identify his ownership interest in the racing qualities of any horse.

A partnership which, by ownership or lease, controls the racing qualities of a horse shall race such horse under the name, real or stable, of a member of the partnership whose proportionate interest in the horse meets the requirements of section 520.1. All horses, the racing qualities of which are controlled by a given partnership shall be raced under such name.

A stable name may be changed at any time by filing a new stable name with the commission.

An individual or partnership can not file as a stable name one which has been already filed or one which is the name of a race horse or one which is the real name of an owner of race horses.

An individual or partnership who has filed a stable name may at any time abandon it by giving written notice to the commission.

No licensed trainer of race horses shall register a stable name; but a partnership of which such a trainer is a member may use the stable name of another member provided that the use of such other member's stable name is authorized by this Part.

Provided the identity of the horse is satisfactorily established, incorrect or imperfect description in the entry of a horse or failure to register a partnership may be corrected at any time before the horse is announced as a starter and his number exhibited in the race concerned, or in a handicap before the weights are announced; but this section shall not be construed so as to allow any horse to start in any race for which he is not otherwise completely qualified under this Part.