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Massachusetts bonds

Massachusetts — Boxing, MMA, Combative Sports Promoter Bond

Massachusetts' promoter application calls for a $50,000 bond running to the State Athletic Commission. The statutory condition includes Commonwealth payments and faithful compliance with the specified laws and Commission rules.

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Recorded state
Massachusetts
Bond type
Boxing / MMA Promoter Bond
Category
Entertainment, sports & recreation

What this bond does

Chapter 147, Section 34 requires Commission-satisfactory surety and filing before the described license is granted. It secures the Commonwealth sums identified in Section 40 and compliance with Sections 32–47, Commission rules and other applicable Commonwealth laws.

Who needs it
The actual promoter named in the Commission license application, including its individual and business information. The posted application identifies boxing, MMA and Muay Thai selections; confirm the actual approved sport and event rather than assuming every combat discipline is authorized.
Who it protects
The statute names the Commission as the recipient and separately provides forfeiture to the Commonwealth, recoverable by the Attorney General. The bond may stipulate up to $10,000 for each case of noncompliance. That case figure is not a substitute $10,000 bond or general participant accident insurance.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Keep the bond sum and case-forfeiture figure separate

Both the actual application and current Section 34 identify the $50,000 penal sum and security running to the Commission. Section 34 supplies the Commonwealth-payment and lawful-conduct condition as well as the separately stipulated case-forfeiture provision. Do not replace those terms with an assumed generic purse or ticket-refund guarantee.

The application also requests financial information with supporting schedules and account statements, business-organization documents where applicable and promoter experience. The security supports that licensing decision; purchase does not issue a license or approve a match.

Purchase Now opens Propeller for this offering. Match the actual applicant, Commission-satisfactory form and surety, Commission recipient, $50,000 sum and required dates. Confirm the current execution and submission instructions and complete licensing and applicable event approvals separately.

Sources

Have these ready

  1. Match the promoter's individual and business application information.
  2. Confirm the actual sport and Commission licensing request.
  3. Obtain the accepted Section 34 condition and Commission-satisfactory surety.
  4. Match the $50,000 Commission bond and required dates and execution.
  5. Prepare the financial schedules, supporting statements and applicable organization and experience documents.

Questions about this bond

Is $10,000 the required bond amount?

Section 34 and the application state a $50,000 penal sum. The separate provision concerns a stipulated forfeiture of up to $10,000 for each case of noncompliance; it does not create a smaller option on this listing.

Who is named in the statutory security?

It runs to the Commission. The Commonwealth-payment condition and Attorney General's recovery of forfeiture are separate statutory features, not a reason to rename the recipient.

Does this automatically authorize any combat-sport event?

No. Match the actual sport on the license application and obtain the Commission's licensing and applicable event approvals. Bond issuance alone does not authorize a match.

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