Code of Massachusetts Regulations
523 CMR - STATE ATHLETIC COMMISSION (FORMERLY, STATE BOXING COMMISSION)
Title 523 CMR 9.00 - Contracts And Financial Arrangements
Section 9.05 - Limitations on Promoter Creating Debt on Behalf of or Advancing Money to Unarmed Combatant or Manager
Universal Citation: 523 MA Code of Regs 523.9
Current through Register 1518, March 29, 2024
(1) A promoter licensed by the Commission shall not directly or indirectly make any loan or advance to an unarmed combatant or a manager without the express written permission of the Commission.
(2) A promoter shall not, directly or indirectly, create any indebtedness that becomes the obligation of an unarmed combatant or a manager unless the promoter has the express written permission of the Commission for that action.
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