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§ 233. Time and Manner of Payment.

4 CA ADC § 233Barclays 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 § 233
§ 233. Time and Manner of Payment.
All payment of purses shall be made immediately after the contest or exhibition, or, in case of a percentage contract, immediately after the percentage is determined by the commission inspectors unless otherwise ordered by the commission.
The club's authorized representative shall, unless otherwise ordered by the commission's representative in the club office, deliver check or checks made out by the club as payor to all parties entitled to payment. The club shall take a receipt for all payments made by checks, and deliver a copy of such receipt to the commission. The form of this payoff sheet shall be furnished by the commission and completed by the inspector.

Credits

Note: Authority cited: Section 18611, Business and Professions Code. Reference: Sections 18640 and 18854, Business and Professions Code.
History
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, § 233, 4 CA ADC § 233
End of Document