Business and Professions Code - BPC
DIVISION 8. SPECIAL BUSINESS REGULATIONS [18400 - 22949.80]
( Division 8 added by Stats. 1941, Ch. 44. ) CHAPTER 2. Boxing, Wrestling, and Martial Arts [18600 - 18888.12]
( Heading of Chapter 2 renumbered from Chapter 8 by Stats. 1988, Ch. 160, Sec. 6. ) ARTICLE 5. Bonds [18680 - 18685]
( Article 5 added by Stats. 1985, Ch. 1092, Sec. 2. ) 18681.
Before any license is issued to any club to conduct, hold, or give an amateur contest or match, the applicant shall file a bond with the commission in an amount not less than one thousand dollars ($1,000), conditioned for the faithful performance by the club of the provisions of this chapter. For the purpose of this section, “faithful performance by the club” shall include the cancellation of a contest or match without good cause once the contest or match has been approved by the commission.
(Repealed and added by Stats. 1985, Ch. 1092, Sec. 2.)