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South Dakota bonds

South Dakota — Promoter Bond

South Dakota's posted promoter undertaking is continuing security for Chapter 42-12/rule compliance and amounts owed to the Commission or another person. Obtain the actual Commission request: its penal-sum field is blank and its aggregate clause prints $20,000.

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

What this bond does

The form concerns a promoter licensed or applying for licensure and registering a competition or exhibition. It secures the stated legal compliance and payment obligations; it is not the competition registration, event insurance or proof of permission to advertise.

Who needs it
The actual boxing, kickboxing or MMA promoter identified in the Commission's request, using the proper business and owner/partner details. Confirm whether security is requested and the required sum rather than treating the general title as a universal mandate.
Who it protects
The form identifies the Athletic Commission as administrator and permits the State of South Dakota or a person suffering loss or damage to sue on the bond. It states one continuing obligation with a $20,000 aggregate cap while in force, not a new limit for every event or claim.

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.

Match the actual request and continuing obligation

Use the actual form's Commission-administrator designation and stated State/private-person action rights rather than substituting a guessed obligee label. Confirm the requested penal sum against the blank field and printed $20,000 aggregate; this page does not convert a cap into a universal current minimum or a new amount choice.

The surety may terminate on at least 30 days' written notice filed with the Commission, preserving obligations arising before the effective date. Any full or partial bond payment must be reported to the Commission immediately. The undertaking continues until terminated or cancelled rather than expiring automatically after one event.

Current Commission web instructions require competition approval before promotion or advertising and ask for the competition application at least 14 business days ahead. Check the applicable meeting's submission deadline and current directions; older archived rule text is not substituted for the current timetable.

Purchase Now opens Propeller. Match the actual promoter, Commission request and administrator, accepted payment/compliance condition, required sum, dates and execution before applying. The form requires power of attorney when a surety signer is not a corporate officer. Complete licensing, competition registration and required insurance separately; use Call if the request or sum differs.

Sources

Have these ready

  1. Obtain the actual Commission security request and required penal sum.
  2. Match the promoter, business structure and Commission-administrator field.
  3. Confirm the accepted Chapter 42-12 payment/compliance condition and aggregate wording.
  4. Prepare required business good-standing, owner/partner and other-jurisdiction license information.
  5. Complete proper surety authority documents and current licensing, competition and insurance submissions.

Questions about this bond

Does the printed $20,000 cap prove every promoter must buy that amount?

The current posted form has a blank penal-sum field and a $20,000 aggregate clause. Obtain the Commission's actual request and sum rather than treating the cap as a universal current mandate.

Does the obligation reset for every competition?

The form calls it one continuing obligation and caps aggregate claims while it is in force. Do not assume a fresh limit for each event or claim.

Who needs to attach a power of attorney?

The printed note requires it for persons executing for the surety other than corporate officers. Match the actual signer's authority and current accepted execution instructions.

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