Ariz. Admin. Code § 19-2-108

Current through Register Vol. 30, No. 45, November 8, 2024

Section R19-2-108 - Leases

A. The lessee of a horse shall file a copy of the leasing arrangement with the Department. The leasing arrangement shall include:

1. The name of the horse,

2. The name and address of the owner-lessor,

3. The name and address of the lessee,

4. The stable name, if any, of each party,

5. The terms of the lease.

B. No corporation having more than 10 stockholders who are the registered or beneficial owners of stock or membership in the corporation shall lease any horse owned or controlled by it to any person or partnership for racing purposes.

C. No owner's license shall be granted to a lessee of any corporation referred to in subsection (B) of these rules.

D. A corporation which leases horses for racing purposes in this state, its stockholders, and its members shall file with the Department, upon request, a report containing such information as the Department may specify.

Ariz. Admin. Code § R19-2-108

Adopted effective August 5, 1983 (Supp. 83-4). Amended effective March 20, 1990 (Supp. 90-1). R19-2-108 recodified from R4-27-108 (Supp. 95-1).