(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.
Structure Maryland Statutes
Subtitle 3 - Boxing, Kick Boxing, Wrestling, and Mixed Martial Arts
Section 4-301 - "License" Defined
Section 4-303 - License Required
Section 4-304 - Qualifications of Boxers, Kick Boxers, and Mixed Martial Arts Contestants
Section 4-304.1 - Blood Tests for Contestants
Section 4-305 - Applications for Licenses
Section 4-307 - Issuance of License
Section 4-308 - Scope of License
Section 4-309 - Term of License
Section 4-310 - Denials, Reprimands, Suspensions, and Revocations -- Grounds; Penalties
Section 4-311 - Denials, Reprimands, Suspensions, and Revocations -- Hearings
Section 4-312 - Judicial Review
Section 4-313 - Contests Authorized
Section 4-314 - Neurological Examination
Section 4-315 - Boxing, Kick Boxing, or Mixed Martial Arts Contests
Section 4-316 - Wrestler or Contestants in Fake Contests -- Penalties
Section 4-317 - Publication of Seat Prices
Section 4-318 - Ticket Scalping
Section 4-319 - Ventilation and Safety of Structures
Section 4-320 - Allowing Unlicensed Person to Act or Participate in Contest Prohibited