Indiana Code 4-31-8-6. “Horsemen’s association” defined
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Sec. 6. (a) As used in this section, “horsemen’s association” means a corporation, a limited liability company, an organization, or an association that represents, through membership, more than one-half (1/2) of the aggregate of all owners and trainers who were licensed and actively participated in racing at a recognized meeting.
(b) A permit holder may contract with one (1) or more horsemen’s association for the association to represent owners and trainers participating in a horse racing meeting conducted by the permit holder.
As added by P.L.341-1989(ss), SEC.2. Amended by P.L.8-1993, SEC.41.
Terms Used In Indiana Code 4-31-8-6
- Contract: A legal written agreement that becomes binding when signed.
- 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.