[§440E-6] Licenses; promoters. (a) A promoter may apply to the director for a license that shall be required to promote, conduct, hold, or give mixed martial arts contests. The application shall be in writing, on a form prescribed by the director, and signed by the applicant, and shall include the following:
(1) Evidence of financial integrity in accordance with rules adopted by the director pursuant to chapter 91; and
(2) Proof that the applicant has currently satisfied all of the applicable requirements of the department's business registration division.
(b) The application shall contain a recital of the facts as may be specified by the director for the director to determine whether or not the applicant possesses the necessary physical, mental, moral, and financial qualifications to entitle the applicant to a license.
(c) The director shall not issue any license to conduct, hold, or give mixed martial arts contests unless the director is satisfied that the applicant has complied with the conditions of this chapter, possesses the necessary qualifications for a license, and is the real party in interest, and intends to conduct, hold, or give the mixed martial arts contest itself. The director shall not issue a promoter's license to an applicant if the applicant or any of the applicant's officers, directors, partners, members, or associates has been convicted of any crime related to gambling or a crime that is directly related to the person's performance in the sport of mixed martial arts.
(d) A license may be revoked at any time if the director finds after a hearing that:
(1) The licensee is not the real party in interest or has not complied with this chapter or the rules of the director; or
(2) The licensee or any of the licensee's officers, directors, partners, members, or associates have been convicted of any crime related to gambling or a crime that is directly related to the person's performance in the sport of mixed martial arts.
(e) Every license shall be subject to this chapter and the rules of the director.
(f) The application for a license to promote mixed martial arts contests shall be accompanied by a fee as provided in rules adopted by the director pursuant to chapter 91. [L 2007, c 279, pt of §1]