Or. Admin. Code § 230-020-0080

Current through Register Vol. 63, No. 12, December 1, 2024

Section 230-020-0080 - Changes in Proprietary Interest

(1) All partnerships or corporations licensed as promoters shall submit in writing for prior approval by the Director, any proposed change in the persons connected with or having proprietary interest in the promoter, including any change in the shareholders of a corporate entity. Any sole proprietor licensed as a promoter who forms an intention to operate as a partnership shall resubmit an application for a promoter's license prior to engaging in promotional activity as a partnership.

(2) The Superintendent may deny a promoter's application or suspend or revoke any promoter's license if the Superintendent finds that at any time the licensee or any partner, corporate officer, corporate director, shareholder, or employee of any promoter, in this state or elsewhere:

(a) Has engaged in illegal bookmaking or other illegal activity;

(b) Has been convicted of a crime that involves the sport of boxing, mixed martial arts, or wrestling in any way;

(c) Has been the subject of discipline by the boxing, mixed martial arts, or wrestling regulatory authority in any other state;

(d) Is engaged in any other activities or practices that are detrimental to the best interests or boxing, mixed martial arts, or wrestling.

Or. Admin. Code § 230-020-0080

BWC 1-1988, f. 3-22-88, cert. ef. 3-29-88; BWC 1-1995, f. 10-10-95, cert. ef. 10-13-95; SAC 5-2008, f. 6-12-08, cert. ef. 7-1-08

Stat. Auth.: ORS 463.113 & 463.165

Stats. Implemented: ORS 463.035 & 463.165