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

78. Owner of horse and obligations of parties to lease or other arrangement

78.1 In relation to any horse subject to a lease or other arrangement registered under Rule 75, references in these Rules to the horse's owner are to the lessee or lessees.
78.2 For the purposes of these Rules, the Person who grants the lease or other arrangement in respect of a horse shall be regarded as having no interest in the horse unless he receives a share of the prize money won by the horse or contributes to the expense of running it.