Kan. Admin. Regs. § 112-4-19 - Horse or greyhound ownership by corporation, partnership, syndicate or other association or entity
(a) If the legal
owner of any horse or greyhound is a corporation, partnership, syndicate or
other association or entity, each shareholder or partner shall be licensed as a
horse or greyhound owner unless the stewards, racing judges or the commission
determine upon a showing of just cause that the best interests of racing
dictate that not all shareholders or partners should be licensed.
(b) Each corporation, partnership, syndicate,
or other association or entity that owns a horse or greyhound at a racetrack
facility shall file the following information with the commission:
(1) Organizational documents for the entity
identifying each shareholder by name and mailing address including zip code;
(2) relative proportion of
ownership interest;
(3) terms of
sale with contingencies, arrangements or leases;
(4) documents declaring to whom winnings are
payable and under what name the horse or greyhound shall be run; and
(5) the name and address including zip code
of each licensed person or persons who assumes all responsibilities as owner of
the horse or grey-hound.
(c) No part owner of any horse or greyhound
shall assign an ownership interest without the written consent of the other
partners. The assignor shall file each written consent with the commission.
(d) Each corporation, partnership,
syndicate or other association or entity that owns a horse or greyhound shall
register annually the information required by the regulations and pay the
required fee or fees for the appropriate entity.
Notes
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