Louisiana Revised Statutes 4:150.1 – Temporary licenses to owners; application for regular license; penalty for noncompliance
Terms Used In Louisiana Revised Statutes 4:150.1
- 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.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A. Notwithstanding La. Rev. Stat. 4:150, the commission may grant a temporary license, valid for thirty days from the date of issuance, to an owner upon proper, appropriate application therefor, either by the owner or his authorized agent or trainer on behalf of the owner.
B. The application shall include, but not be limited to, the following
(1) Owner’s name.
(2) Owner’s address.
(3) Owner’s federal identification number.
C. As provided in La. Rev. Stat. 4:150, an owner receiving a temporary license from the commission under this Section shall apply for a Louisiana owner’s license, within thirty days of the issuance of his temporary license.
D. For the purposes of this Section, “owner” means the person, firm, or corporation shown on the foal certificate as the owner of one hundred percent interest in the horse the owner is seeking to race in this state.
E. The commission may suspend all racing privileges of an owner who fails to comply with Subsection C of this Section.
Acts 1989, No. 624, §1, eff. July 7, 1989; Acts 1990, No. 560, §1, eff. July 19, 1990.