N.J. Admin. Code § 13:70-4.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:70-4.3 - Corporations

(a) No license as an owner shall be granted to a corporation or to the lessee or lessees of any corporation unless all corporate officers, members of the Board of Directors, managers and stockholders owning directly or indirectly five percent or more of said corporation's issued stock have been licensed.

(b) Each such person must file an application for an owner's license.

(c) Any and all changes in either the corporate structure or the respective interest of stockholders as described in (a) above must be promptly filed with the Commission.

(d) All corporations shall race under a stable name approved by the Commission and shall be required to file application for same on a form prescribed by the Commission.

N.J. Admin. Code § 13:70-4.3

Amended by R.1982 d.183, effective 6/21/1982.
See: 14 New Jersey Register 91(a), 14 New Jersey Register 661(a).
Section substantially amended.