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§ 224. Advances by Manager, Accounting For.

4 CA ADC § 224Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 2. State Athletic Commission (Refs & Annos)
Chapter 1. Professional Boxing Rules
Article 3. Contracts and Financial Arrangements
4 CCR § 224
§ 224. Advances by Manager, Accounting For.
Any manager who advances or loans any money to any boxer or incurs indebtedness on behalf of any boxer shall furnish a statement under penalty of perjury to the boxer every ninety days. The statement shall be specific and shall set forth as to each transaction or item at least the following information: the amount of money involved, the date that the indebtedness occurred, the purpose of the indebtedness, and the name of the person to whom the debt is owed.
The manager shall obtain the boxer's signature and date of signature on each accounting and within ten days after furnishing the accounting to the boxer, the manager shall file with the commission a true copy of the accounting.
If the boxer refuses to date and sign the accounting, the manager shall file the accounting with the commission along with a statement that the manager provided the boxer with the accounting but that the boxer refused to date and sign it and the reason given by the boxer if any.


Note: Authority cited: Section 18611, Business and Professions Code. Reference: Sections 18640, 18848, 18852 and 18538, Business and Professions Code.
1. Change without regulatory effect of Note (Register 87, No. 5).
This database is current through 6/7/24 Register 2024, No. 23.
Cal. Admin. Code tit. 4, § 224, 4 CA ADC § 224
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