A new law in Kentucky, introduced on 04/11/2008, is related to sports promoter bonds. The new law, HB 684, demands promoters of kickboxing and mixed martial arts events to abide by the same surety bond requirements under present law for wrestling and boxing match promoters managing such events. The surety bond must be $5,000 and is conditioned on the payment of taxes. The surety bond also must assure payment of any penalties and fees under the new law.
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Kentucky Sports Promoter Bonds Update
December 13, 2009 by Eric WeisbrotDiscuss: Comments (1)
Category: Commercial Bonds, Surety News
Tags: bond requirements, Kentucky, Kickboxin, kickboxing contest promoter bond, KY, legislation, mixed martial arts promoter bond, Sports Promoter Bonds, surety bond
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Tennessee Sports Promoter Bond
September 17, 2009 by Eric Weisbrot
On 06/13/2008, a new sports promoter law was enacted named HB 2633. The new Tennessee law requires mixed martial arts, boxing, and kickboxing contest promoters to post a license bond in the amount of $25,000. The bond must be from a surety licensed in the state. As an alternative for posting a surety bond, cash or other securities are also acceptable.Discuss: Comments (0)
Category: Commercial Bonds, Surety News
Tags: boxing promoter bond, kickboxing contest promoter bond, mixed martial arts promoter bond, sports promoter bond, tennessee, tn
