2025 MFTHBA Rulebook

34 a) MFTHBA will recognize the signature of an individual shown as the single owner of the horse if such owner is named on the horse's current registration certificate. b) MFTHBA will recognize and require the signature of each of the joint owners of the horse named on the horse’s current registration certificate. Exception: In the case of joint ownership, MFTHBA will recognize the signature of any single named owner on the horse’s current registration certificate, when the registration certificate designates “or” between the registered joint owners’ names. c) MFTHBA will recognize and require the signature of each partner when a partnership is named on the horse’s current registration certificate. d) If any owners, as stated in items b and c above wish to authorize the MFTHBA to recognize and permit the signature by any single named owner on the horse’s current registration certificate, all joint owners or partners must file with the MFTHBA a written agreement to that effect, specifying horse's name and registration number and signed by all joint owners or partners. e) When written authorization of agency has been filed in the MFTHBA’s office (on a form furnished by the MFTHBA), the MFTHBA will accept the signature of an authorized agent as sufficient to complete the transfer. Written authorization of agency must be signed both by the record owner(s) on the horse’s current registration certificate and the person authorized as agent to sign for transfer. D. Seller’s Responsibility : The seller (owner at the time of sale) shall have the responsibility for completion of the written transfer in entirety and furnishing the actual certificate of registration to the buyer. The seller shall endorse, date and complete the new owner’s name and address on the certificate before giving it to the buyer. E. Buyer's Responsibility : It shall be the responsibility of the buyer to forward the properly signed certificate of registration along with applicable transfer fees to the MFTHBA. MFTHBA is not considered a part of details of understanding or contractual obligations or agreement between buyer and seller in regard to fees or transfer for horses. The written transfer should be submitted within 30 days of the sale date. Non-Members: may transfer record of ownership for an additional fee. Should the buyer wish to become a member, it will be the buyer's responsibility to fulfill membership requirements. F. Transfer from the estate of a deceased person: In the event of the death of a transferor, the MFTHBA requires that there shall be filed in its office all papers and documents necessary to show that the person requesting transfer is legally authorized and entitled to request such transfer. G. Incomplete applications for transfer: Whenever an application for transfer is incomplete, and the applicant has failed to provide all of the information required within four (4) months of the date the application was received by the MFTHBA, such application shall be considered null and void. 1. Transfer fees submitted with an incomplete application are non-refundable. 2. Failure to remit the required transfer fee shall be deemed as submitting an incomplete application. H. Responsibility for legal title: A transfer of registration entered on an application or a Certificate of Registration, on the records of the MFTHBA shall not be construed as the conveyance of legal title by the MFTHBA. The MFTHBA shall in no way be involved in or assume liability for the purchase, sale, or terms of sale of registered animals, or the passage of legal title thereto. I. Misrepresentation or fraud : 1. If an animal’s registration has been transferred through misrepresentation or fraud, the Board of Directors may declare such transfer null and void together with any registrations of purported descendants of the animal which may have been recorded during the period of such misrepresented or fraudulent transfer. 2. A transfer application, upon which the date of transfer has been fallaciously entered for the purpose of complying by technicality or evasion with the ownership requirements of the rules, standards and policies of the MFTHBA, shall be null and void. 3. When a transfer of registration has been obtained by means of misrepresentation or fraud, the Board of Directors may take appropriate action as provided by the rules, standards and policies of the MFTHBA and may refuse to receive subsequent applications of any kind signed