Section 294-12.003 - JOINT OWNERSHIP12.003.01 If more than four (4) individual persons own interests in a horse or horses, through a partnership, or corporation, or syndication, or other joint venture, then such individual persons may designate a member of the partnership, corporation, syndicate, or other joint venture to represent the entire ownership of and be responsible for such horse or horses as the licensed owner thereof.12.003.02 Designation of one owner to represent the entire joint venture must be signed by each person having a 5% or greater interest in any horse or horses to be raced, by the chief executive officer of any corporation involved, and by the general partner of any limited partnership involved.12.003.03 Partnerships, or corporations, or syndications, or other joint ventures in which more than four (4) individual persons own interests must apply for a stable name license.12.003.04 Each individual having a minimum of a 5% interest in the horse or horses to be raced may apply for an individual owner's license.12.003.05 The Commission may deny, suspend, or revoke the license of any owner whose interest is qualified or limited by rights or interests held or controlled by an individual person who would be ineligible to be licensed as an owner.12.003.06 In case of an emergency, the Commission may accept a temporary application for an owners license and/or stable name license. In such cases, all individual persons owning interest in the horse or horses shall be clearly identified to the satisfaction of the Commission. In such cases it will be at the discretion of the Commission as to whether such horses will be allowed to start.12.003.07 Individuals owning less than a 5% interest in any horse or horses owned by a joint venture will not be licensed as owners, however; a complete list of the names and addresses of such persons shall be provided to the Commission when requested.294 Neb. Admin. Code, ch. 12, § 294-12.003