Indiana Administrative Code
Title 71 - INDIANA HORSE RACING COMMISSION
Article 1.5 - FLAT RACING; DEFINITIONS
Rule 1 - Definitions
Section 1-45.1 - "Horse industry trust account" defined
Universal Citation: 71 IN Admin Code 1-45.1
Current through September 18, 2024
Authority: IC 4-31-3-9
Affected: IC 4-31; IC 5-13-9.5
Sec. 45.1.
"Horse industry trust account" means an interest bearing account established by an association in a fiduciary capacity for the deposit and dispersal of funds that are the property of a horsemen's association representing the owners and trainers of a designated breed racing at Indiana pari-mutuel facilities at a financial institution that is qualified to receive public monies pursuant to IC 5-13-9.5.
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