205 CMR 3.05 - Authorized Agent: Licenses, Filing Instrument, etc
(1) Each authorized agent must obtain a
license from the Commission.
(2)
Application for a license must be filed for each owner represented.
(3) If a written instrument signed by the
owner accompanies the application it shall clearly set forth among the
delegated powers whether or not said agent is empowered to collect money from
the Association.
(4) If the written
instrument is a power of attorney, it shall be filed permanently with the
Racing Secretary. If, however, the powers are properly delegated by the owner
on the application form for a license then said application shall be in
duplicate with both copies signed and sworn to before a Notary Public and one
copy filed permanently with the Racing Secretary.
(5) An Authorized Agent may appoint a
sub-agent only when specifically authorized so to do by the above said written
instrument and, to be effective, notice of such appointment must be given
immediately in writing to the Commission.
(6) Any changes must be in writing and filed
as provided in 205 CMR 3.05(4).
(7)
If an agent represents more than one owner a separate written instrument shall
be filed for each owner and a separate fee paid in each case.
(8) The term of the license shall be the
calendar year unless the owner revokes the agent's appointment or the
Commission revokes the license.
(9)
An owner's revocation of an authorized agent's authority must be filed in
writing with the Commission and with the Racing Secretary.
Notes
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