Relates to licensing requirements for non-managing owners of standardbred horses

Summary

The legislation amends New York’s racing law to remove any limit on the number of non‑managing owners a race horse can have. It requires that if a horse has 35 or fewer owners, all must be licensed; if it has more than 35 owners, only those with at least a 3% ownership interest need a license. For horses owned through general or limited partnerships, only partners holding 5% or more must be licensed.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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