New Mexico Administrative Code
Title 15 - GAMBLING AND LIQUOR CONTROL
Chapter 6 - BOXING, WRESTLING AND MARTIAL ARTS
Part 2 - CONTRACTS
Section 15.6.2.13 - CONTRACT FILING
Universal Citation: 15 NM Admin Code 15.6.2.13
Current through Register Vol. 35, No. 18, September 24, 2024
A copy of any contract entered into between a manager and an unarmed combatant must be placed on file with the commission for approval.
A. A contract becomes null and void if at any time during its term the manager or the unarmed combatant loses his license as a result of an action by the commission or by failure of the manager or unarmed combatant to renew his license.
B. A manager is not allowed to participate in more than 33-1/3 percent of the ring earnings of the unarmed combatant.
C. The commission must approve and consent to any assignment of any part of the unarmed combatant or manager's interest in a contract.
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