Without prior written permission of the commission, no club shall, directly or indirectly, incur any indebtedness on behalf of a boxer or manager whereby such person is obligated to repay such indebtedness.

No club at any time shall, directly or indirectly, make any loan or advance to any manager.

Note: Authority cited: Section 18611, Business and Professions Code. Reference: Sections 18640, 18849, 18853 and 18854, Business and Professions Code.

History

1. Change without regulatory effect of Note (Register 87, No. 5).

2. Change without regulatory effect amending section filed 12-16-94 pursuant to section 100, title 1, California Code of Regulations (Register 94, No. 50).