California Business and Professions Code 18851 – A manager of a boxer or martial arts fighter shall maintain an …
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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.
Terms Used In California Business and Professions Code 18851
- Contract: A legal written agreement that becomes binding when signed.
(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.
(Added by renumbering Section 18852 by Stats. 2015, Ch. 316, Sec. 6. (SB 469) Effective January 1, 2016.)