1. (a) A person wishing to race thoroughbred horses under a stable name may do so by registering with the Arkansas Racing Commission and by paying the fee as required herein.

2. (b)

   1. (1) A person may register more than one (1) stable name if that person’s name is listed with each registered horse that is racing.

   2. (2) A person who races multiple horses in the same race under their real name and under a stable name must have their real name listed in the official racing program with the stable name if the person directly or indirectly owns:

      1. (A) Five percent (5%) or more of a horse racing in the race under a stable name; and
      2. (B) Five percent (5%) or more of any other horse in the race.
   3. (3) A person who races multiple horses in the same race under different stable names must have their real name listed in the official racing program with the stable names if the person directly or indirectly owns five percent (5%) or more of the horses racing in the race under the different stable names.

3. (c)

   1. (1) A stable name may be changed at any time by registering a new name and paying the fee charged for the original registration.

   2. (2) A person may not register as the person's stable name a name similar to one:

      1. (A) Already registered by another person;
      2. (B) That is the name of another owner; or
      3. (C) That is the name of any prominent person.
4. (d) All registrations of stable names by any recognized thoroughbred association and all recognized racing commissions shall be recognized in Arkansas.

5. (e)

   1. (1) In applying to race under a stable name, the applicant must disclose the identity or identities of the owners associated with the stable.
   2. (2) Any partnership, limited liability company, or corporation associated with a stable shall comply with the rules governing partnerships, limited liability companies, or corporations, and the usual fees of such partnerships, limited liability companies, or corporations shall be paid in addition to the fees for the registration of the stable name.
6. (f) Changes in identities of owners associated with the stable shall be reported immediately to and approval obtained from the commission.
7. (g) Any person may abandon a registered stable name at any time after the person has given written notice to the commission and the franchise holder.
8. (h) A corporate or limited liability company name shall be considered a stable name for the purposes of this part, but the commission may refuse any corporation or limited liability company the privilege of registering a stable name.
9. (i) No stable name shall be used for advertising purposes.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules contained the following: “2154. [repealed Oct. 19, 2017]”