Louisiana Administrative Code
Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS
Part XLI - Horseracing Occupations
Chapter 11 - Owners
Section XLI-1109 - Partnership and Limited Liability Company Papers
Universal Citation: LA Admin Code XLI-1109
Current through Register Vol. 50, No. 9, September 20, 2024
A. Partnership papers shall, among other things, set forth the following:
1. the name
and address of each and every person having any interest in the horse or horses
involved;
2. the relative
proportions of such interests;
3.
to whom the winnings are payable;
4. in whose name the horse or horses shall
run;
5. with whom the power of
entry and declaration rests;
6. the
terms of any contingency, lease or any other arrangement.
B. Limited Liability Company shall, among other things, provide for the following:
1.
the name and address of each and every member of the limited liability
company;
2. the relative
proportions of such interests;
3.
whether management is reserved to the members or a manager;
4. with whom the power of entry and
declaration rests;
5. the terms of
any contingency, lease or any other arrangement.
AUTHORITY NOTE: Promulgated in accordance with R.S. 4:148.
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