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Can you summarize 4 CACR Division 4, Article 13?
California Horse Racing Board > Bloodstock Agents
Short Summary
The provided legal document content pertains to the regulation of bloodstock agents in California. A bloodstock agent is defined as a person who acts as an agent for the sale or purchase of a race horse that is eligible to race in the state. The document specifies that bloodstock agents are prohibited from misrepresenting any material fact or their personal interest in a horse. Violation of these provisions can result in refusal of admission to private or restricted areas of the inclosure. However, the regulations do not apply to auction sales authorized and/or approved by the California Horse Racing Board. Additionally, bloodstock agents are required to file a memorandum report of conditional sale with the Board within five days of a sale involving a lien on the horse. They are also required to register with the Board if they offer for sale, offer to purchase, or act as an agent in the purchase or sale of a race horse. Furthermore, if any warranty of soundness, condition, or racing ability is expressed or implied in a sale, a memorandum report of warranty must be filed with the Board within five days of the sale. Failure to file such a report will be presumed as no warranties being expressed or implied. Overall, these regulations aim to ensure transparency and fair practices in the sale and purchase of race horses by bloodstock agents in California.
Whom does it apply to?
Any person who acts as an agent for the sale or purchase of a race horse eligible to race in California
What does it govern?
Bloodstock agents
What are exemptions?
Auction sales authorized and/or approved by the California Horse Racing Board
What are the Penalties?
Refusal of admission to all private areas or restricted areas of the inclosure for bloodstock agents or licensees who violate the provisions
Jurisdiction
California