§440-10 Licenses, promoters. (a) Any individual, partnership, club, association, organization, or corporation may make application to the commission for a license to conduct, hold, and give professional boxing contests. The application shall be in writing, addressed to the commission, and signed by the applicant, or if the applicant is a club, association, organization, or corporation, by a duly authorized officer thereof, and shall include the following:
(1) Evidence of financial integrity for an individual applicant, for each partner of a partnership or joint venture, or for each corporate entity or association to include a:
(A) Current credit report covering a five-year period immediately preceding the date of application;
(B) Current financial statement certified by a registered certified public accountant or a registered public accountant;
(C) State tax clearance from the state department of taxation;
(2) For corporations organized under the laws of the State, a copy of the affidavit of officers on file with the department of commerce and consumer affairs, or certificates of registration for foreign corporations and partnerships;
(3) Proof that the applicant has contracted for medical insurance coverage for all boxers on the applicant's cards.
(b) The application shall contain a recital of the facts as may be specified by the commission in order for it to determine whether or not the applicant possesses the necessary physical, mental, moral, and financial qualifications to entitle the applicant to a license.
(c) The commission shall not issue any license to conduct, hold, or give boxing contests unless it is satisfied that the applicant has complied with the conditions of this chapter, possesses the necessary qualifications for a license, and is the real party in interest, and intends to conduct, hold, or give the contests or matches itself. A license may be revoked at any time if the commission finds after a hearing that the licensee is not the real party in interest or does not comply with the conditions of this chapter. Every license shall be subject to this chapter and the rules as the commission may prescribe. [L 1929, c 216, §11; RL 1935, §6998; RL 1945, §7559; am L 1949, c 264, §5; RL 1955, §165-10; HRS §440-10; am L 1983, c 241, §8; am L 1986, c 135, §7; am L 1997, c 40, §5]