California Codes, Business and Professions Code - BPC, Division 8 — Special Business Regulations, Chapter 2 — Boxing, Wrestling, and Martial Arts, Article 14 — Administrative Enforcement, Section 18849
No promoter, nor any person having a proprietary interest in the promoter, shall have, either directly or indirectly, any proprietary interest in a boxer or martial arts fighter competing on the premises owned, leased, or rented by the promoter without written approval from the commission.
Notes
Prohibits a promoter, or anyone holding a proprietary interest in the promoter, from directly or indirectly holding a proprietary interest in a boxer or martial arts fighter competing on premises the promoter owns, leases, or rents unless the commission gives written approval.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18849 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2/article-14/section-18849