|Rule No.||Rule Title|
|Rule Text||A “California-Owned” horse shall mean a horse which is owned by a California resident as defined in this article, or is owned by a partnership, corporation, limited liability company (Corporations Code section 17000 et seq.) or syndicate when all persons having any financial interest in such partnership, corporation, limited liability company or syndicate are California residents, on the first day of January of the year the horse is two-years old and remains in such ownership up to and including the day such horse competes in a California-Owned race.
NOTE: Authority cited: Sections 19420 and 19619, Business and Professions Code. Reference: Sections 19440 and 19619, Business and Professions Code.
1. Amendment filed 8-14-98; effective 9-13-98.|