N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 303-a: Non-managing ownership of standardbred horses

§ 303-a. Non-managing ownership of standardbred horses. (a) For

purposes of this section, a managing owner shall mean a person who

through ownership, lease or designation manages all racing activities

for a race horse and is personally responsible for all liabilities

arising therefrom.

(b) Non-managing owners. There shall be no restriction on the number

of non-managing owners of a race horse except that no horse shall be

entered or started that is owned by thirty-five or fewer owners unless

all such owners are licensed; in the event that a horse is owned by more

than thirty-five owners, only those individuals having a three percent

or greater property interest in such horse shall be required to be

licensed as an owner.

The commission shall adopt rules and regulations regarding ownership

of horses not inconsistent with this section.