TITLE 11: ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
SUBTITLE B: HORSE RACING
CHAPTER I: ILLINOIS RACING BOARD
SUBCHAPTER f: RULES AND REGULATIONS OF HARNESS RACING
PART 1308 RACING, FARM, CORPORATE OR STABLE NAME

Section 1308.10 Racing, Farm, Corporate or Stable Name

Section 1308.20 Stable Name

Section 1308.30 Partnerships

Section 1308.40 Corporations


AUTHORITY: Implementing and authorized by Section 9(b) of the Illinois Horse Racing Act of 1975 (Ill. Rev. Stat. 1987, ch. 8, par. 37-9(b)).


SOURCE: Published in Rules and Regulations of Harness Racing, (original date not cited in publication); codified at 5 Ill. Reg. 10930; amended at 13 Ill. Reg. 2156, effective February 3, 1989.

 

Section 1308.10  Racing, Farm, Corporate or Stable Name

 

a)         Racing, farm, corporate or stable names may be used by owners or lessees if registered with the United States Trotting Association.

 

b)         All owners and persons listed in a registered stable, whether incorporated or not, shall be liable for entry fees and penalties against horses raced by the stable. In the event that one of the owners or persons listed in a registered stable is suspended, all the horses shall be included.

 

Section 1308.20  Stable Name

 

Any horse that is owned by more than one person, or one partnership, must be stabled in one stable and registered only under its own stable name with appropriate fees paid.

 

(Source:  Amended at 13 Ill. Reg. 2156, effective February 3, 1989)

 

Section 1308.30  Partnerships

 

All partners of a general partnership shall be licensed as owners.  In the case of a limited partnership all general partners and limited partners owning a 5% or more interest in the limited partnership shall be licensed as owners.  This shall apply to all partnerships owning any interest in a horse.  All non-licensed partners shall be eligible for licensure.  Any non-licensed partner shall submit application materials sufficient for the Board to verify this status upon a determination by the stewards that it is more probable than not that such person is ineligible for licensure.  Such materials shall consist of the name, social security number, fingerprints, or other material required of an applicant for an owner's license.  If any non-licensed partner is ineligible for licensure then all partners and the partnership shall be ineligible for licensure.

 

(Source:  Added at 13 Ill. Reg. 2156, effective February 3, 1989)

 

Section 1308.40  Corporations

 

All officers, directors and shareholders owning 5% or more of any class of a stock of a corporation shall be licensed as owners.  This shall apply to all corporations owning any interest in a horse.  All non-licensed shareholders shall be eligible for licensure.  Any non-licensed shareholder shall submit application material sufficient for the Board to verify this status upon a determination by the stewards that it is more probable than not that such person is ineligible for licensure.  Such materials shall consist of the name, social security number, fingerprints, or other material required of an applicant for an owner's license.  If any non-licensed shareholder is ineligible for licensure then all officers, directors, shareholders and the corporation shall be ineligible  for licensure.

 

(Source:  Added at 13 Ill. Reg. 2156, effective February 3, 1989)