Removes limits on non-managing owners of race horses and changes licensing requirements for multiple owners.
This bill amends the racing, pari-mutuel wagering, and breeding law by removing restrictions on the number of non-managing owners of a race horse. It specifies that in cases of multiple ownership, only persons with a five percent or more ownership interest in the horse must be licensed as an owner. This change aims to simplify licensing requirements for race horses with multiple owners.
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