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This entry was published on 2016-09-09
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SECTION 1016
Required filings
General Business (GBS) CHAPTER 20, ARTICLE 41
§ 1016. Required filings. 1. The organization that promotes, sanctions
or otherwise participates in the proposition, selection, or arrangement
of one or more professionals for a contest must file with the commission
a written statement executed under penalty of perjury stating (a) all
charges, expenses, fees, and costs that will be assessed against any
professional participating in the event; (b) all payments, benefits,
complimentary benefits and fees the organization or entity will receive
for its affiliation with the event; (c) the name of the promoter; (d)
sponsor of the event; and (e) all other sources, and such other and
additional information as required by the commission. Such written
statement shall be filed in a form and manner acceptable to the
commission.

2. The promoter, organizer, producer or another that participates in
the proposition, selection, or arrangement of one or more professionals
for a contest must file with the commission a written statement under
penalty of perjury detailing all charges, fees, costs and expenses by or
through the promoter on the professional pertaining to the event,
including any portion of the professional's purse that the promoter will
receive and training expenses and all payments, gifts or benefits the
promoter is providing to any sanctioning organization affiliated with
the event. Such written statement shall be filed in a form and manner
acceptable to the commission.

3. The promoter, organizer, producer or another that participates in
the proposition, selection, or arrangement of one or more professionals
for a contest must file with the commission a copy of any agreement in
writing to which the promoter is a party with any professional
participating in the match.

4. All contracts calling for the services of a professional in an
authorized professional combative sport and entered into by licensed
promoters, professionals or managers as one or more of the parties in
such contracts, including those contracts which relate to the rights to
distribute, televise or otherwise transmit any authorized professional
combative sport over the airwaves or by cable shall be subject to the
approval of the commission and copies thereof shall be filed with the
commission by such corporation, professional or manager within
forty-eight hours after the execution of such contract and at least ten
business days prior to any bouts, or the first of any series of bouts,
to which they relate. The commission may waive such filing deadline for
good cause shown.