Section 430. Definitions

As  used  in  sections  four hundred thirty-one
  through four hundred thirty-five of this article,  the  following  terms
  shall mean and include:
    1.  "Fund."  The New York state quarter horse breeding and development
  fund corporation established by section four hundred thirty-one of  this
  article.
    2. "Board." The board of directors of the corporation as such board is
  constituted pursuant to section four hundred thirty-one of this article.
    3.  "New  York-bred."  A  quarter  horse  foaled in New York state and
  registered in  the  registry  administered  by  quarter  horse  breeding
  associations  in  this state designated by the state racing and wagering
  board.
    4. "Breeder." The owner of the mare at the time the mare foals  a  New
  York-bred.
    5. "New York stallion." A stallion standing in New York at the time he
  was  bred  to  the dam of a New York-bred; a stallion must be registered
  with the fund or its designated agent and must be:
    a. Owned by a resident of this state  and  standing  the  entire  stud
  season in this state; or
    b.  Owned  by a resident of another state but standing the entire stud
  season in this state and leased by a resident of this state for  a  term
  of not less than ten years; or
    c.  Owned jointly by a resident of this state together with a resident
  of another state and standing the entire stud season in this  state  and
  leased  by  a  resident  of  this  state for a term of not less than ten
  years.  Leases shall be filed with the fund or its designated agent.
    6. "Stallion owner." The owner of a stallion standing in New  York  at
  the time he was bred to the dam of a New York-bred.
    7.  "Races."  Races  upon  which  pari-mutuel wagering is conducted at
  quarter horse race meetings of racing associations  or  corporations  as
  authorized by the state racing and wagering board.