La. Admin. Code tit. 46 § XLI-509
Current through Register Vol. 50, No. 11, November 20, 2024
Section XLI-509 - Establishment of Financial StabilityA. Applicants for an owner's or trainer's license must submit satisfactory evidence of their financial stability and ability to care for and maintain the horses owned and/or trained by them. Failure to establish such financial responsibility shall be grounds for denial or revocation of license.La. Admin. Code tit. 46, § XLI-509
Adopted by the Racing Commission in 1971, promulgated by the Department of Commerce, Racing Commission, LR 2:428 (December 1976), amended LR 3:24 (January 1977), LR 4:274 (August 1978).AUTHORITY NOTE: Promulgated in accordance with R.S. 4:148 and R.S. 4:150.