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This entry was published on 2020-10-16
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Non-managing ownership of standardbred horses
Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 3
§ 303-a. Non-managing ownership of standardbred horses. (a) For
purposes of this section, a managing owner shall mean a person who
through ownership, lease or designation manages all racing activities
for a race horse and is personally responsible for all liabilities
arising therefrom.

(b) Non-managing owners. There shall be no restriction on the number
of non-managing owners of a race horse except that no horse shall be
entered or started that is owned by thirty-five or fewer owners unless
all such owners are licensed; in the event that a horse is owned by more
than thirty-five owners, only those individuals having a three percent
or greater property interest in such horse shall be required to be
licensed as an owner.

The commission shall adopt rules and regulations regarding ownership
of horses not inconsistent with this section.