HRS §440-27
No financial interest in boxers for officials and licensees
This section stops certain people involved in boxing from getting paid by promoters or having a financial stake in a fighter. It applies to commission members, staff, appointees, and license holders. Money held in escrow for someone else is not considered compensation, and the commission can still be paid to supervise contests.
state agencies
The statute, as written — 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.
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