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§ 4-306. Surety bond

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 4. Athletics (Refs & Annos)
Subtitle 3. Boxing, Kick Boxing, Wrestling, and Mixed Martial Arts (Refs & Annos)
MD Code, Business Regulation, § 4-306
§ 4-306. Surety bond
(a) An applicant for a license to act as a promoter of a contest shall execute a surety bond to be given to the State for the benefit of each person who may be interested in the payment of the expenses incurred in connection with the contest.
(b) The surety bond shall be:
(1) in the amount of:
(i) $2,000; or
(ii) any greater amount that the Commission requires;
(2) in a form that the Commission approves;
(3) with a surety that the Commission approves; and
(4) conditioned on the payment, within the time that the Commission sets, of all expenses incurred in connection with the contest.

Credits

Added by Acts 1992, c. 4, § 2.
Formerly Art. 56, § 113.
MD Code, Business Regulation, § 4-306, MD BUS REG § 4-306
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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