205 CMR 5.05 - Authorized Agent
(1) Each authorized
agent must obtain a license from the Commission.
(2) A written instrument signed by the owner
shall accompany the application which shall clearly set forth among the
delegated powers whether or not said agent is empowered to collect money from
the Association.
(3) 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 before a Notary Public and one copy
filed permanently with the Racing Secretary.
(4) An authorized agent may appoint a sub
agent only when specifically authorized to do so by the written instrument
signed by the owner and to be effective, notice of such appointment must be
given immediately in writing to the Commission and the Racing
Secretary.
(5) Any changes in the
powers delegated by the owner of the authorized agent must be in writing, sworn
to before a Notary Public and filed with the Commission and the Racing
Secretary.
(6) An owner's
revocation of an authorized agent's authority must be in writing, sworn to
before a Notary Public and filed with the Commission and the Racing
Secretary.
(7) The term of the
authorized agent's license shall be the racing season unless the owner revokes
the agent's appointment or the Commission revokes the license.
Notes
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