SECTION 325:30-1-15. Warranty of clear title

  Every racing interest entering a horse in a claiming race does warrant that the title to said horse is free and clear of an existing claim or lien, either as security interest mortgage, bill of sale, or lien of any kind; unless before entering such horse, the written consent of the holder of the claim or lien has been filed with the Stewards and the Racing Secretary and its entry approved by the Stewards. A transfer of ownership arising from a recognized claiming race will terminate any existing prior lease for that horse.