N.Y. Comp. Codes R. & Regs. tit. 9 § 4026.2

Current through Register Vol. 46, No. 50, December 11, 2024

Section 4026.2 - Managing ownership

(a) Managing owner. No horse may race unless the entire management and control of its racing activities, and financial responsibility therefor, are held by a registered managing owner registered with The Jockey Club. A managing owner may be either an individual or a racing partnership, registered for such purpose with The Jockey Club. A racing partnership may consist of only general partners, not to exceed four, each of whom shall own not less than a 25-percent partnership interest, and one of whom shall be designated as the managing partner under whose name or stable name the partnership's horses race, who is entitled to be credited with winnings on behalf of the partnership and who is responsible for complying with the filing, registration and licensing requirements of these rules. The managing owner of a horse shall be established either by registered ownership, registered written lease (or written notice thereof), or registered written designation as such, by the owner. The managing owner shall be responsible for all racing affairs of the horse, including the proper registration of the horse and its ownership, and all changes thereto.

(b) Name of managing owner. The name of the programmed owner of a horse in a race shall be either the name of the managing owner, if an individual, or, if a racing partnership, the name of the managing partner followed by the words as lessee or by designation, if either term applies. Should an individual register a stable name, such individual's real name may not be listed as managing owner. Nothing in these rules shall relieve any person of any statutory obligations related to business filings and recordings with public officials, or rights or limitations incident thereto.

(c) Managing owner by lease or designation. A managing owner established by ownership shall register such ownership with The Jockey Club. A managing owner established by lease or designation shall register such lease or designation, executed by both the lessor or designating owner and the managing owner, with The Jockey Club.

(d) Licensing of managing owners. All individuals in the managing ownership of a horse must be licensed before such horse is entered or starts, unless for good cause the commission or State steward waives such requirement for a race. In no event, however, may a horse start if the license of any individual in such horse's present or former managing ownership has been denied, suspended or revoked until such time as the commission is satisfied that any withdrawal of such individual or transfer of such individual's entire interest is in good faith.

(e) Coupled entries. Should the same individual be present in the managing ownership of two or more horses in a race, all such horses shall be coupled as an entry.

(f) Credentials. Only managing owners of horses to race at the meeting shall be entitled to track credentials as owners, including paddock and backstretch privileges.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4026.2

Amended New York State Register June 3, 2020/Volume XLII, Issue 22, eff. 6/3/2020