ยง 253. Powers of the fund. The fund shall have power:
1. To sue and be sued.
2. To have a seal and to alter the seal at its pleasure.
3. To make by-laws for the management and regulation of its affairs.
4. To acquire, hold and dispose of personal property for its corporate
purposes.
5. To appoint officers, agents and employees, to prescribe their
qualifications and to fix their compensation.
6. To perform such other acts and engage in such other activities as
may be necessary and proper for exercising its powers.
Structure New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 2 - Thoroughbred Racing and Breeding
202 - Restriction Upon Commencement of Business.
202-A - Liability of the Directors of a Franchised Corporation.
203 - Right to Hold Race Meetings and Races.
204 - Certificate of Payment of Stock.
205 - License for Running Races and Steeplechase Meetings.
206 - Franchise for Running Races and Steeplechase Meetings.
207 - Board of Directors of a Franchise Corporation.
208 - Conditions of Franchise Award.
209 - Examination of the Books and Accounts by the State Comptroller.
210-A - Relinquishment of Franchise.
211 - Fair Association, When Entitled to Privileges.
212 - Franchise Oversight Board.
213 - Project Labor Agreements.
214 - Acquisition of Racing Facilities.
216 - Disposition of Racing Facilities or Certain Assets.
218 - Stewards at Race Meetings.
219 - Advertising or Promotional Material.
220 - Licenses for Participants and Employees at Race Meetings.
220-A - Corporations Continued.
221 - New York Jockey Injury Compensation Fund, Inc.
221-A - Health Insurance for Jockeys.
221-B - Health Insurance for Trainers.
222 - Notice to Be Posted Upon Grounds.
223 - Special Police Officers.
224 - Penalty for Unlawful Racing and Betting.
225 - Registration of Race Horses.
226 - Increased or Additional Entrance Fees.
228 - Pension Plans for Backstretch Employees.
229 - Backstretch Employees Drug and Alcohol Rehabilitation Eligibility.
230 - Membership in a National Thoroughbred Racing Association.
231 - Pari-Mutuel Betting on Horse Races Legalized.
232 - License to Conduct Pari-Mutuel Betting at Race Meetings for Running Races or Steeplechases.
233 - Bond Required of Corporation Conducting Pari-Mutuel Betting.
234 - Place and Manner of Conducting Pari-Mutuel Betting.
235 - Rules for the Conduct of Pari-Mutuel Betting.
239 - Books and Records of Pari-Mutuel Betting.
241 - Disposition of Unpaid Money Due on Account of Pari-Mutuel Tickets Not Presented.
242 - Races for Horses Bred in the State.
243 - Free or Reduced Fee Passes, Cards or Badges.
244 - Revocation of License or Franchise.
245 - Hearing on Refusal or Revocation of License or Franchise.
246 - Approval of Plans of Corporation.
248 - Racing Season; Allotment of Dates for Racing.
249 - Pari-Mutuel Employees to Be Citizens and Residents.
250 - Power of Commission to Impose Penalties.
252 - New York State Thoroughbred Breeding and Development Fund.