(a) A person who has a valid claim to a horse becomes the owner of the horse when the horse steps on to the racetrack for the race. This subsection applies regardless of whether the horse reaches the starting gate and regardless of subsequent injury to the horse during or after the race.
(b) On the day claimed, a claimed horse runs in the interest of and for the account of the owner from whom the horse was claimed.

Source Note: The provisions of this §313.303 adopted to be effective August 30, 1989, 14 TexReg 4124; amended to be effective October 11, 1990, 15 TexReg 5702; amended to be effective May 1, 1992, 17 TexReg 2768; amended to be effective April 4, 2005, 30 TexReg 1627