California Business and Professions Code

§ 18667

BPC § 18667Div. 8 · Ch. 2 · Art. 4

Statute text

The commission shall not issue any promoter’s license to an applicant unless the commission is satisfied that the applicant is the real party in interest, and intends to conduct, hold, or give such contests itself. In no case shall the commission issue a license to a promoter unless, the promoter will receive at least 25 percent of the net receipts of any promotion.

Legislative history

Added by Stats. 1985, Ch. 1092, Sec. 2.