23-3-502. Bond -- conditions. (1) No license to conduct professional or semiprofessional matches or exhibitions may be issued unless the licensee has executed a bond in the sum of not less than $5,000.
     (2) The bond must be conditioned on faithful compliance by the licensee with the provisions of this chapter and the rules of the board.

     History: En. Sec. 9, Ch. 506, L. 1983.