Indiana Administrative Code
Title 71 - INDIANA HORSE RACING COMMISSION
Article 1 - DEFINITIONS
Rule 1 - Definitions
Section 1-47.1 - "Horse industry trust account" defined

Universal Citation: 71 IN Admin Code 1-47.1
Current through September 18, 2024

Authority: IC 4-31-3-9

Affected: IC 4-31; IC 5-13-9.5

Sec. 47.1.

"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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