New York Codes, Rules and Regulations › Title 9 - EXECUTIVE DEPARTMENT › Subtitle T - New York State Gaming Commission › Chapter I - Division of Horse Racing and Pari-Mutuel Wagering › Subchapter A - Thoroughbred Racing › Article 1 - Rules of Racing › Part 4026 - Ownership Rules And Stable Names › Ownership Rules › Section 4026.2 - Managing ownership

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
						  Managing owner. No horse may race unless the entire management and control of
						  its racing activities, and financial responsibility therefor, are held by a
						  registered managing owner registered with The Jockey Club. A managing owner may
						  be either an individual or a racing partnership, registered for such purpose
						  with The Jockey Club. A racing partnership may consist of only general
						  partners, not to exceed four, each of whom shall own not less than a 25-percent
						  partnership interest, and one of whom shall be designated as the managing
						  partner under whose name or stable name the partnership's horses race, who is
						  entitled to be credited with winnings on behalf of the partnership and who is
						  responsible for complying with the filing, registration and licensing
						  requirements of these rules. The managing owner of a horse shall be established
						  either by registered ownership, registered written lease (or written notice
						  thereof), or registered written designation as such, by the owner. The managing
						  owner shall be responsible for all racing affairs of the horse, including the
						  proper registration of the horse and its ownership, and all changes
						  thereto.
(b) Name of managing
						  owner. The name of the programmed owner of a horse in a race shall be either
						  the name of the managing owner, if an individual, or, if a racing partnership,
						  the name of the managing partner followed by the words as lessee or by
						  designation, if either term applies. Should an individual register a stable
						  name, such individual's real name may not be listed as managing owner. Nothing
						  in these rules shall relieve any person of any statutory obligations related to
						  business filings and recordings with public officials, or rights or limitations
						  incident thereto.
(c) Managing
						  owner by lease or designation. A managing owner established by ownership shall
						  register such ownership with The Jockey Club. A managing owner established by
						  lease or designation shall register such lease or designation, executed by both
						  the lessor or designating owner and the managing owner, with The Jockey
						  Club.
(d) Licensing of managing
						  owners. All individuals in the managing ownership of a horse must be licensed
						  before such horse is entered or starts, unless for good cause the commission or
						  State steward waives such requirement for a race. In no event, however, may a
						  horse start if the license of any individual in such horse's present or former
						  managing ownership has been denied, suspended or revoked until such time as the
						  commission is satisfied that any withdrawal of such individual or transfer of
						  such individual's entire interest is in good faith.
(e) Coupled entries. Should the same
						  individual be present in the managing ownership of two or more horses in a
						  race, all such horses shall be coupled as an entry.
(f) Credentials. Only managing owners of
						  horses to race at the meeting shall be entitled to track credentials as owners,
						  including paddock and backstretch privileges.