§ 417. Filing of certain agreements with commission. Every association or corporation licensed to conduct quarter horse race meetings at which pari-mutuel betting is permitted shall promptly after entering into any lease, agreement concerning any concession, labor management relations, the hiring of designated classes of officers, employees or contractors specified by the commission or any such other contract, agreement or arrangement as the commission may from time to time prescribe file with the commission a true and correct copy, or an accurate summary, if oral, thereof.

Terms Used In N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 417

  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
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