N.Y. General Business Law 1018 – Prohibited conduct
§ 1018. Prohibited conduct. 1. No corporation or person shall have, either directly or indirectly, any financial interest in a professional boxer competing on premises owned or leased by the corporation or person, or in which such corporation or person is otherwise interested except pursuant to the specific written authorization of the commission.
Terms Used In N.Y. General Business Law 1018
- Commission: means the state athletic commission as provided for in section one thousand three of this article, or an agent or employee of the state athletic commission acting on its behalf. See N.Y. General Business Law 1000
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Professional: means any participant in a combative sport authorized pursuant to this article, other than an amateur, who is receiving or competing for, or who has ever received or competed for, any purse, money, prize, pecuniary gain, or other thing exceeding seventy-five dollars in value. See N.Y. General Business Law 1000
2. No contestant in a boxing or sparring match or exhibition shall be paid for services before the contest, and should it be determined by the commission that such contestant did not give an honest exhibition of his or her skill, such services shall not be paid for.
3. Any person, including any corporation and the officers thereof, any physician, referee, judge, timekeeper, professional, manager, trainer or second, who shall promote, conduct, give or participate in any sham or collusive authorized professional combative sports, shall be deprived of his or her license by the commission and any other appropriate legal remedies.
4. No licensed promoter or matchmaker shall knowingly engage in a course of conduct in which fights are arranged where one professional has skills or experience significantly in excess of the other professional so that a mismatch results with the potential of physical harm to the professional.