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The Orders and Rules of Racing

PART 3 - OWNERS - (E)27 to (E)92

49. Recognised Business Partnership to act through Business Partners

49.1 For the purposes of these Rules, a Recognised Business Partnership may not take any steps in respect of a horse in its ownership unless they are taken by one of the Business Partners.
49.2 In particular, any entry of a horse for a race must be made by one of the Business Partners or his Authorised Agent.
49.3 In respect of any horse in the ownership of a Recognised Business Partnership, each Business Partner

49.3.1 shall be treated as if he were the joint owner of the horse,
49.3.2 shall be jointly and severally liable for any sum due from the owner under these Rules, and
49.3.3 is subject to all other liabilities, duties and privileges of joint ownership.

49.4 But a Business Partner who has resigned shall not be liable for any sums which become due after notice of his resignation has been received at The Racing Calendar Office under Rule 51.1.1.
49.5 No privilege of ownership shall attach to any partner who is not a Business Partner, except for the privilege of running a horse under the name of the Business Partnership.