1. The Commission may issue and revoke licenses to conduct, hold or give contests or exhibitions of unarmed combat in accordance with such terms and provisions as the Commission prescribes.
2. Any application for such a license must be in writing and correctly show and define the applicant. The application must be accompanied by an annual fee to be fixed by the Commission on a uniform scale.
3. The Commission may deny an application for such a license or grant a limited, restricted or conditional license for any cause deemed sufficient by the Commission.
4. Before any license is granted, the applicant must file a bond in an amount fixed by the Commission but not less than $10,000, executed by the applicant as principal, and by a corporation qualified under the laws of this state as surety, payable to the State of Nevada, and conditioned upon the faithful performance by the applicant of the provisions of this chapter. All money which the Commission receives pursuant to this subsection must be deposited with the State Treasurer for credit to the Athletic Commission’s Agency Account, which is hereby created in the State Agency Fund for Bonds.
5. If the Commission believes the requirement for a bond is inadequate, the Commission may require the promoter to make a deposit of money in an amount fixed by the Commission. The deposit must be made not less than 5 days before the contest or exhibition. It may be used to satisfy any obligation incurred by the promoter during the staging of the contest or exhibition upon order of the Commission. After satisfaction of all such obligations, the Commission shall release the remainder to the promoter.
6. The provisions of subsections 4 and 5 do not apply to amateur athletic clubs.
[Part 3:40:1941; 1931 NCL § 905.02]—(NRS A 1960, 426; 1977, 234; 1983, 529; 1985, 719, 938; 1989, 1074; 1991, 1775; 1993, 1450; 2001, 993; 2019, 1252)
Structure Nevada Revised Statutes
NRS 467.0102 - "Commission" defined.
NRS 467.0103 - "Contestant" defined.
NRS 467.01037 - "Manager" defined.
NRS 467.0104 - "Promoter" defined.
NRS 467.0105 - "Purse" defined.
NRS 467.0106 - "Ring official" defined.
NRS 467.01065 - "Sanctioning organization" defined.
NRS 467.0107 - "Unarmed combat" defined.
NRS 467.0108 - "Unarmed combatant" defined.
NRS 467.030 - Designation and term of Chair; seal; regulations; form of contracts.
NRS 467.070 - Jurisdiction of Commission.
NRS 467.109 - Time for report to Commission and payment of additional fees by promoter.
NRS 467.125 - Insurance for licensed contestants.
NRS 467.150 - Length of boxing contests and rounds; rest between rounds.
NRS 467.155 - Weighing-in of participants in boxing contests.