New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 70 - HORSE RACING
Subchapter 5 - STABLE NAMES, CORPORATIONS AND MULTIPLE OWNERSHIPS
Section 13:70-5.19 - Multiple ownership
Universal Citation: NJ Admin Code 13:70-5.19
Current through Register Vol. 56, No. 18, September 16, 2024
Each and every multiple ownership must be registered with the Commission. All multiple ownerships with the exception of partnerships wherein no more than two persons are involved shall race in a multiple ownership stable name. No license shall be granted to any partnership, syndicate or other form of multiple ownership or to the lessee of any such entity excluding corporations wherein the number of persons having a beneficial interest therein exceeds 35.
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