SECTION 325:15-5-25. Statements of corporation, partnership, syndicate or other association or entity

  The Commission requires that copies of organizational documents of a corporation partnership, syndicate or other association or entity, including the relative proportion of ownership interest, the terms of sales with contingencies, arrangements, or leases, shall be filed with the Horsemen's Bookkeeper of the racetrack organization licensee and with the Commission. Said documents shall declare to whom winnings are payable, in whose names the horses shall be run, and the name of the licensed person who assumes all responsibilities as the Owner. The part Owner of any horse shall not assign his/her ownership share or any part thereof without the written consent of the other partners, and such consent shall be filed with the Horsemen's Bookkeeper and the Commission. A person or persons conducting racing operations as a corporation, partnership, syndicate or other association or entity shall register the information as required by rules in this Chapter and pay the required fee(s) for the appropriate ownership entity.