New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 70 - HORSE RACING
Subchapter 5 - STABLE NAMES, CORPORATIONS AND MULTIPLE OWNERSHIPS
Section 13:70-5.21 - Partner ownership
Universal Citation: NJ Admin Code 13:70-5.21
Current through Register Vol. 56, No. 18, September 16, 2024
Any partner transacting business on behalf of a partnership must own an interest in the partnership at least equal to that of any other partner; and when authorizing any person to act as agent for a partnership, an interest of at least 50 percent must be represented.
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