N.J. Admin. Code § 13:71-6.4

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:71-6.4 - Default in payment of premiums

(a) Any association that defaults in the payment of a premium that has been raced for shall together with its officers be penalized. No deduction, voluntary or involuntary, may be made from any purse or stake or futurity other than for payments to be made to the owners, nominators or breeders of money winning horses and organizations or promotion expenses stipulated for stakes and futurities.

(b) Other than a stake or futurity as covered in (a) above, no association may enter into any agreement with any organization requiring a deduction from the purse payable to owners of money winning horses, unless such agreement provides that a deduction may be made only from those owners entitled to winnings who have expressly consented to the deduction or unless provided by law.

As amended, R.1982 d.109, effective 4/5/1982.
See: 13 New Jersey Register 820(a), 14 New Jersey Register 347(a).
(b): added "or unless provided by law."