New York Consolidated Laws, General Business Law - GBS § 1018. Prohibited conduct

1. No corporation or person shall have, either directly or indirectly, any financial interest in a professional boxer competing on premises owned or leased by the corporation or person, or in which such corporation or person is otherwise interested except pursuant to the specific written authorization of the commission.

2. No contestant in a boxing or sparring match or exhibition shall be paid for services before the contest, and should it be determined by the commission that such contestant did not give an honest exhibition of his or her skill, such services shall not be paid for.

3. Any person, including any corporation and the officers thereof, any physician, referee, judge, timekeeper, professional, manager, trainer or second, who shall promote, conduct, give or participate in any sham or collusive authorized professional combative sports, shall be deprived of his or her license by the commission and any other appropriate legal remedies.

4. No licensed promoter or matchmaker shall knowingly engage in a course of conduct in which fights are arranged where one professional has skills or experience significantly in excess of the other professional so that a mismatch results with the potential of physical harm to the professional.