Effective date: 6/4/1995

    (1) Sales organization means any person, firm or corporation holding, sponsoring or conducting a public vendue at which thoroughbred horses are offered for sale within the State of Florida.

Terms Used In Florida Regulations 5H-15.001

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
    (2) Department means the Department of Agriculture and Consumer Services of the State of Florida.
    (3) Sales (public vendue) of thoroughbred horses are classified as Class A, Class B and Class C defined as follows:
    (a) Class A sale means a sale wherein the sales organization has established that each horse entered has a minimum value of $7500.
    (b) Class B sale means a sale wherein the sales organization has established that each horse entered has a minimum value of $2500.
    (c) Class C sale means a sale wherein the sales organization has established no minimum value for horses entered for sale.
Rulemaking authorized by Florida Statutes § 535.02. Implements Florida Statutes § 535.01, 535.02. History—New 10-23-85, Formerly 5H-15.01, Amended 6-4-95.