California Codes, Business and Professions Code - BPC, Division 8 — Special Business Regulations, Chapter 2 — Boxing, Wrestling, and Martial Arts, Article 14 — Administrative Enforcement, Section 18851
A manager of a boxer or martial arts fighter shall maintain an accurate annual record showing all of the following with respect to each contest in which the boxer or martial arts fighter has participated:
(a) Training expenses.
(b) Amount of money actually paid to the contestant.
(c) Amount of money which the manager received from the purse.
(d) Amount of money owed to the manager by the contestant.
The manager’s record shall be supported by documentation, shall be made available to both the fighter under contract and the commission upon request, and shall be kept in the manager’s possession for a period of five years from the transaction.
Notes
Requires a boxer or martial-arts-fighter manager to keep an accurate annual record for each contest showing training expenses, money actually paid to the contestant, money the manager received from the purse, and money the contestant owes the manager. Records must be documented, available to the contracted fighter and commission on request, and retained for five years from the transaction.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18851 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2/article-14/section-18851