§ 183.267. Qualifications for owner’s license.
Every applicant for a license as an owner in addition to other requirements in this chapter shall be in accordance with the following:
(1) Be at least 18 years of age unless a parent or legal guardian expressly assumes responsibility for an applicant who is under 18 years of age.
(2) Submit evidence of good moral character.
(3) Furnish a completed application form.
(4) If a horse is owned jointly by two or more parties all parties shall comply with paragraphs (1)—(3).
(5) If a horse is owned in whole or in part by a corporation, all officers and directors shall comply with paragraphs (1)—(3). In addition, all shareholders shall comply with paragraphs (1)—(3), unless requirements are waived by the Commission.
(6) No corporation or partnership or registered stable of more than ten persons formed after April 1, 1962, will be acceptable either to race or to lease horses for racing.
(7) For the purposes of determining the maximum of 10 persons described in paragraph (6), who can be involved in the ownership or lease of a horse for racing purposes, blood relatives of a single family including father, mother, brother, sister, aunts, uncles, grandparents, nieces and nephews shall be regarded collectively as one shareholder, partner or member as the case may be.
(8) In the event that an owner is not licensed, the Commission may, upon receipt of a security deposit, permit a licensed agent to act as representative for the owner. Should the owner fail to obtain a license within the prescribed period, not to exceed a 60-day period, the security deposit will be forfeited. Only those persons having an owner, trainer or driver’s license valid for the current racing year shall be eligible to act as an agent for an owner.
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