Okla. Stat. tit. 3A, § 3A-265
This is the official text of Okla. Stat. tit. 3A, § 3A-265, part of Oklahoma’s Stat. tit. 3A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 3A,." Browse the sections below, each linked to its official government source.
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Transfer of purse money - Agreements - Rescission
Official statutory text
A. The Oklahoma Horse Racing Commission shall approve the
transfer of purse money generated for races for Thoroughbred horses,
races for Quarter Horses or races for Paint and Appaloosa horses
pursuant to this section, by one organization licensee to another
Oklahoma Statutes - Title 3A. Amusements and Sports Page 74
organization licensee, upon joint application of the organization
licensee generating the purse money, the organization licensee
receiving the transferred purse money, and in the case of a transfer
of purse money for Thoroughbred racing, the official horsemen’s
representative organization that represents participating horsemen
at a race meeting in a county with a population exceeding six
hundred thousand (600,000) persons by an organization licensee
licensed pursuant to Section 205.2 of Title 3A of the Oklahoma
Statutes that is restricted to Thoroughbred horses, and in the case
of a transfer of purse money for Quarter Horse, Paint and Appaloosa
horse racing, the official horsemen’s representative organization
that represents participating horsemen at a race meeting in a county
with a population exceeding six hundred thousand (600,000) persons
by an organization licensee licensed pursuant to Section 205.2 of
Title 3A of the Oklahoma Statutes that is restricted to Quarter
Horse, Paint and Appaloosa horses. Purse money transferred to one
organization licensee from purse money for a particular breed of
horse generated by another organization licensee shall only be used
to supplement purses for that breed of horse. Notwithstanding the
foregoing, any agreement for the transfer of purse money may be
rescinded by order of the Commission if the Commission is petitioned
by not less than two-thirds (2/3) of the licensed owners,
owner/trainers and trainers of starters of a particular breed of
horses during the most recently concluded meet for that breed of
horses at the tracks affected by the transfer.
B. The provisions of this section shall not be applicable to
any purse money generated pursuant to the provisions of subsection K
of Section 4 of this act.
transfer of purse money generated for races for Thoroughbred horses,
races for Quarter Horses or races for Paint and Appaloosa horses
pursuant to this section, by one organization licensee to another
Oklahoma Statutes - Title 3A. Amusements and Sports Page 74
organization licensee, upon joint application of the organization
licensee generating the purse money, the organization licensee
receiving the transferred purse money, and in the case of a transfer
of purse money for Thoroughbred racing, the official horsemen’s
representative organization that represents participating horsemen
at a race meeting in a county with a population exceeding six
hundred thousand (600,000) persons by an organization licensee
licensed pursuant to Section 205.2 of Title 3A of the Oklahoma
Statutes that is restricted to Thoroughbred horses, and in the case
of a transfer of purse money for Quarter Horse, Paint and Appaloosa
horse racing, the official horsemen’s representative organization
that represents participating horsemen at a race meeting in a county
with a population exceeding six hundred thousand (600,000) persons
by an organization licensee licensed pursuant to Section 205.2 of
Title 3A of the Oklahoma Statutes that is restricted to Quarter
Horse, Paint and Appaloosa horses. Purse money transferred to one
organization licensee from purse money for a particular breed of
horse generated by another organization licensee shall only be used
to supplement purses for that breed of horse. Notwithstanding the
foregoing, any agreement for the transfer of purse money may be
rescinded by order of the Commission if the Commission is petitioned
by not less than two-thirds (2/3) of the licensed owners,
owner/trainers and trainers of starters of a particular breed of
horses during the most recently concluded meet for that breed of
horses at the tracks affected by the transfer.
B. The provisions of this section shall not be applicable to
any purse money generated pursuant to the provisions of subsection K
of Section 4 of this act.
Status: in_force · Read it on the official government site
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