Skip to content

North Carolina bonds

North Carolina — Boxing & Mixed Martial Arts Promoter's Surety Bond Corporate Promoter

North Carolina's corporate-promoter bond names the Boxing and Combat Sports Commission for affected persons' benefit. Section 143-654 sets a $10,000 minimum; the Commission controls the actual amount and approved form.

Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
North Carolina
Bond type
Boxing / MMA Promoter Bond
Category
Entertainment, sports & recreation
Local scope
Authority
Identified authority / locality
North Carolina Boxing and Combat Sports Commission

What this bond does

The current statute secures compliance with Article 68 and Commission rules and performance of contracts related to holding a match. The corporate form also covers the principal's agents and employees faithfully and honestly fulfilling the described obligations.

Who needs it
The corporation applying as promoter, with its legal name, organizing jurisdiction and authorized officers. This is the corporate instrument, not a substitute for a sole proprietor's or partnership's form or the officers' required individual licensing.
Who it protects
The Commission is the named obligee for persons injured or damaged by the specified promoter acts or omissions. The form allows an affected person to claim with the surety and sue if unpaid; the Commission may claim for distribution to that person. Aggregate liability is limited to the completed sum.

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.

Use the corporation and properly licensed officers

Section 143-654 allows a corporate promoter license but also requires officers to apply individually; only licensed officers may negotiate or sign contracts. A new officer requires an individual application during the license period. Naming the corporation on a bond does not replace those requirements.

The statute distinguishes a calendar-year promoter license from a permit for one match, subject to its sanctioned-amateur exception. The actual bond describes continuing effect for its issued period and renewals until cancelled; do not assume either a single-match term or a new 12 months from purchase.

The corporate form calls for the principal's corporate seal, authorized-officer signature and attestation, plus the surety's attorney-in-fact execution. It requires 60 days' written cancellation notice to both principal and Commission, preserves earlier liability and requires immediate notice when a party is served with a bond action.

Purchase Now opens Propeller for this corporate offering. Match the actual corporation, Commission-approved form, Commission obligee, selected sum, dates and officer authority. Follow current filing directions and complete corporate, officer and match approvals separately; use Call if the applicant has a different structure.

Sources

Have these ready

  1. Use the exact corporation, organizing jurisdiction and principal-office information.
  2. Confirm the actual Commission-selected sum and approved corporate form.
  3. Match the Commission obligee and issued effective period.
  4. Prepare the corporate seal, authorized-officer attestation and proper surety execution.
  5. Confirm officer licenses and current corporate-license and match-permit requirements.

Questions about this bond

Does naming the corporation license every officer?

No. Section 143-654 requires individual officer applications and restricts negotiating or signing contracts to licensed officers. A newly added officer must also apply.

Is $10,000 the only possible amount?

The statute states a minimum and leaves the amount to the Commission's sole discretion. Match the actual approved request; this listing does not add amount options.

Does the continuing bond replace each match permit?

No. The statute distinguishes the promoter license and single-match permit, with its sanctioned-amateur exception. The bond's continuation language does not grant event permission.

Related bonds

Keep exploring

How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us