Section 294-12.005 - PARTNERSHIPS12.005.01 Each and every partnership, except husband and wife, must be registered with the Commission on forms furnished by the Commission and payment of the applicable fee, at which time a license may be issued allowing such partnership to function on the tracks of Nebraska.12.005.02 An authorized agent must be appointed to represent a partnership in all matters and only he or she shall withdraw money or sign claims for said partnerships, unless all partners sign such withdrawals or claims. A notarized instrument must be signed by all members of a partnership in the appointment of an authorized agent.12.005.03 Partnership papers shall, among other things, set for the following: 12.005.03A The name and address of each and every person having any interest in the horse or horses involved.12.005.03B The relative proportions of such interests.12.005.03C To whom the winnings are payable. 12.005.03D In whose name the horse or horses shall run.12.005.03E With whom the power of entry and declaration rests.12.005.03F The terms of any contingency, lease or any other arrangement. (See Statute 2-1220.)12.005.04 All partnership papers must be signed by all parties or by their authorized agent.12.005.05 The part owner of any horse cannot assign his or her share or any part of it, without the written consent of the other partners, the said consent to be lodged with the Racing Commission and the racing secretary. (See Statute 2-1220.)12.005.06 An alteration in a recorded partnership registration, to be effective, must be reported in writing to the Commission and signed by all the partners.12.005.07 All parties to a partnership, and each of them, shall be jointly and severally liable for all stakes, forfeits and other obligations.294 Neb. Admin. Code, ch. 12, § 294-12.005