No horse is qualified to be entered or run that is wholly or partly the property of or leased to or from, or in any way under the care of superintendence of, a person who is required to be licensed but is unlicensed, disqualified or ineligible, as provided in this Subchapter.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 4025.4