N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 404: Right to hold quarter horse race meetings and races

§ 404. Right to hold quarter horse race meetings and races. Any

corporation formed under the provisions of the pari-mutuel revenue law,

and any corporation and association that shall have conducted quarter

horse race meetings during two years prior to the enactment of the

pari-mutuel revenue law, and any town or county fair association or

other fair association shall have the power and the right to hold one or

more quarter horse race meetings in each year and to hold, maintain and

conduct quarter horse races at such meetings. At such quarter horse race

meetings the corporation or association, or the owners of horses engaged

in such races, or others who are not participants in the race, may

contribute purses, prizes, premiums or stakes to be contested for, but

no person or persons other than the owner or owners of a horse or horses

contesting in a race shall have any pecuniary interest in a purse,

prize, premium or stake contested for in such race, or be entitled to or

receive any portion thereof after such race is finished, and the whole

of such purse, prize, premium or stake shall be allotted in accordance

with the terms and conditions of such race. Such power and right,

however, shall not include the right to conduct pari-mutuel betting at

such quarter horse race meetings except pursuant to license granted by

the commission pursuant to sections two hundred twenty-two through seven

hundred five of this chapter.