Authority: IC 4-31-3-9; IC 4-35-7-12

Affected: IC 4-31; IC 4-35

Sec. 5. All directors, officers, and employees of a registered horsemen's association that will have access to any funds received pursuant to IC 4-35-7-12 if not otherwise licensed and in good standing with the commission, must apply for and be granted a separate commission license to act as a director, officer, or employee of a horsemen's association in order to serve in that capacity. If a director, officer, or employee of a registered horsemen's association that will have access to any funds received pursuant to IC 4-35-7-12 is otherwise licensed and in good standing with the commission, then that person is also considered to be licensed as a director, officer, or employee of the horsemen's association.

(Indiana Horse Racing Commission; 71 IAC 13-1-5; emergency rule filed Jul 11, 2008, 2:13 p.m.: 20080723- IR-071080595ERA; readopted filed Nov 21, 2014, 2:25 p.m.: 20141217-IR-071140403RFA; readopted filed Aug 28, 2019, 1:23 p.m.: 20190925-IR-071190319RFA; readopted filed Aug 3, 2023, 12:49 p.m.: 20230830-IR- 071230428RFA)