California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 2 — Boxing, Wrestling, and Martial ArtsArticle 14 — Administrative EnforcementSection 18857
The commission, the executive officer, or authorized representative shall have the power to order a promoter to withhold 10 percent of the total purse payable to a contestant if the manager of the contestant does not present an itemized statement of expenses incurred in connection with the contest. The money so withheld shall be paid to the commission and held in trust for payment to the contestant or his or her manager, upon presentation by the manager to the commission of the itemized statement of expenses.
Notes
Allows the commission, executive officer, or authorized representative to order a promoter to withhold 10 percent of a contestant’s total purse when the contestant’s manager fails to present an itemized expense statement. The withheld amount must be held in trust by the commission and released upon the manager’s presentation of the required statement.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18857 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2/article-14/section-18857