§440-27  Financial interest in contestant
prohibited.  (a)  No commission member or staff, appointee, or any
individual or club holding a license to conduct, hold, or give boxing contests,
nor any officer, partner, or member, may receive any compensation from any
person who sanctions, arranges, or promotes professional boxing contests; nor
shall they have, either directly or indirectly, any financial interest in any
contestant competing in any boxing contest that they conduct, hold, or give.



(b)  For purposes of this section, the term
"compensation" shall not include funds held in escrow for payment to
another person in connection with a professional boxing contest.  The
prohibition set forth in this section shall not apply to any contract entered
into, or any reasonable compensation received, by the commission to supervise a
professional boxing contest in this State or another state. [L 1929, c 216,
§30; RL 1935, §7017; RL 1945, §7578; RL 1955, §165-29; HRS §440-27; am L 1983,
c 241, §21; am L 2004, c 135, §21]