N.M. Admin. Code § 15.6.2.13

Current through Register Vol. 35, No. 21, November 5, 2024

Section 15.6.2.13 - CONTRACT FILING

A copy of any contract entered into between a manager and an unarmed combatant must be placed on file with the commission for approval.

A. A contract becomes null and void if at any time during its term the manager or the unarmed combatant loses his license as a result of an action by the commission or by failure of the manager or unarmed combatant to renew his license.

B. A manager is not allowed to participate in more than 33-1/3 percent of the ring earnings of the unarmed combatant.

C. The commission must approve and consent to any assignment of any part of the unarmed combatant or manager's interest in a contract.

N.M. Admin. Code § 15.6.2.13

15.6.2.13 NMAC - N, 03-23-2002; A, 08-26-2012