How many individuals need to be licensed for a Multiple Owner situation?

In a Multiple Owner situation, all individuals owning 5% or more of the race animal need to be licensed. This requirement is in place to ensure that all stakeholders involved in the ownership of the racehorse are held accountable and comply with the regulations set forth by the Texas Racing Commission. By licensing all significant owners, the commission can maintain oversight of the racing participants and ensure proper conduct within the sport. This helps to uphold the integrity of horse racing and protects the interests of all parties involved, including trainers, jockeys, and fans.

The other options do not meet the regulatory standards needed for ownership transparency and accountability, which are critical for maintaining trust in the racing industry.