The winnings of a horse consist of its gross winnings. Winnings during the year shall includeall prizes from the first of January preceding the time appointed for the start and include racesin any country, and include walkover purses. Winning of a fixed sum means winning it in anyone race unless otherwise specified in the conditions of the race. Foreign winnings shall beestimated on the basis of the normal rate of exchange on the day of winning. Winnings inCanada when such winnings are expressed in dollars shall not be considered as foreignwinnings.
NOTE: Authority cited: Section 19562, Business and Professions Code. Reference: Section19562, Business and Professions Code.
1. Amendment filed 4-21-83; effective 5-21-83.