[§440E-27]  Revocation; suspension.  (a)  In addition to any other acts or conditions provided by law, the director may refuse to renew, reinstate, or restore or may deny, revoke, suspend, fine, reprimand, or condition in any manner, the license of any person or entity issued for this chapter, for any cause authorized by law, including but not limited to the following:

     (1)  Violation of any provision of this chapter or the rules adopted by the director, or any other law or rule that applies to those persons licensed under this chapter;

     (2)  Manifest incapacity, professional misconduct, or unethical conduct;

     (3)  Making any false representations or promises through advertising or other dissemination of information;

     (4)  Any fraudulent, dishonest, or deceitful act in connection with the licensing of any promoter under this chapter or in connection with any mixed martial arts contest;

     (5)  Making any false or misleading statement in any application or document submitted or required to be filed under this chapter;

     (6)  Revocation or suspension of a license or other disciplinary action against the licensee by any other regulatory entity over mixed martial arts contests;

     (7)  Failure to report any disciplinary action, including medical and mandatory suspensions, or revocation or suspension of a license in another jurisdiction not less than fifteen calendar days preceding any mixed martial arts match in which the licensee participates or within thirty calendar days following the disciplinary decision, whichever is earlier; or

     (8)  Participation in any sham or false mixed martial arts contest.

     (b)  A manager may be held responsible for all violations of this chapter by a mixed martial arts contestant whom the manager manages and may be subject to license revocation or suspension, or a fine, or any combination thereof, irrespective of whether any disciplinary action is taken against the mixed martial arts contestant. [L 2007, c 279, pt of §1]