When is a Multiple Owner License necessary?

A Multiple Owner License is necessary when ownership includes an entity other than an individual, such as a corporation, partnership, or any form of collective ownership. This requirement is in place to ensure that all entities involved in horse racing ownership are registered and comply with the regulations set forth by the Texas Racing Commission. By having an established license, the commission can enforce rules related to ownership, operation, and accountability.

The option about leasing horses relates to the arrangement between the owner and the lessee but does not necessitate a Multiple Owner License. Similarly, requiring a license for any horse ownership or only for partnerships does not accurately reflect the regulation's intent to cover all forms of collective ownership that may involve multiple parties or business entities. Thus, the correct context for needing a Multiple Owner License is specifically when ownership is not solely in the name of an individual but involves any form of an organizational entity.