The commission shall not issue any promoter’s license to an applicant unless the commission is satisfied that the applicant is the real party in interest, and intends to conduct, hold, or give such contests itself. In no case shall the commission issue a license to a promoter unless, the promoter will receive at least 25 percent of the net receipts of any promotion.
Cal. Bus. & Prof. Code § 18667
Applications
Known as the Boxing Act or the State Athletic Commission Act
The act spans §§ 18600–18888 (174 sections).
Added by Stats. 1985, Ch. 1092, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.