§ 205.212. Issuance of electronic eligibility.
Electronic eligibility shall be issued for the life of the horse.
(a) Each registered owner of a horse must be a member in good standing with the USTA prior to the issuance of an electronic eligibility. If the horse is registered in the ownership of a registered racing, farm, corporation, or stable, all ‘‘beneficial owners’’ of those entities must be members in good standing with the USTA prior to the issuance of an electronic eligibility.
(b) Each application for the issuance of electronic eligibility shall list the names of all owners including beneficial owners of the horse.
(c) The names of all owners, including beneficial owners, shall be listed on the electronic eligibility. The electronic eligibility shall not be issued in the names of more than four persons. In the event five or more names are reported to the USTA, the electronic eligibility shall be issued only in four or fewer including racing, farm, corporate or stable names, which names must be registered in accordance with Rule 8.02 of the USTA.
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