North Carolina § 143-656 - Contracts and financial arrangements.

§ 143-656. Contracts and financial arrangements.

Any contract between licensees and related to a match or exhibition held or to be held in this State must meet the requirements of administrative rules as set forth by the Commission. Any contract which does not satisfy the requirements of the administrative rules shall be void and unenforceable. All contracts shall be in writing. History (1995, c. 499, s. 1; 1997-504, s. 5; 1998-23, s. 18; 1998-212, s. 19.11(g); 2004-124, s. 18.2(e); 2006-264, s. 22(a); 2007-490, s. 6; 2011-145, s. 19.1(n); 2014-100, s. 17.1(xxx); 2019-203, ss. 9(b), 12(c).) Editor's Note. - Session Laws 2004-124, s. 18.2(g), provides: "The Department of Crime Control and Public Safety shall use funds available from salary reserves to reclassify the two positions in the North Carolina State Boxing Commission and transfer them to the Alcohol Law Enforcement Division." Session Laws 2004-124, s. 1.2, provides: "This act shall be known as 'The Current Operations and Capital Improvements Appropriations Act of 2004'." Session Laws 2004-124, s. 33.3, provides: "Except for statutory changes or other provisions that clearly indicate an intention to have effects beyond the 2004-2005 fiscal year, the textual provisions of this act apply only to funds appropriated for, and activities occurring during, the 2004-2005 fiscal year." Session Laws 2004-124, s. 33.5, contains a severability clause. Session Laws 2019-203, s. 13 made the amendments to this section by Session Laws 2019-203, s. 12(c), effective October 1, 2019, and applicable to (i) applications for a license or permit submitted on or after that date, (ii) contracts entered into on or after that date, and (iii) offenses and violations committed on or after that date. Effect of Amendments. - Session Laws 2004-124, s. 18.2(e), effective July 1, 2004, substituted "Division" for "Commission." Session Laws 2007-490, s. 6, effective August 30, 2007, deleted "boxing" preceding "match or exhibition" in the first sentence. For applicability, see Editor's note. Session Laws 2011-145, s. 19.1(n), effective January 1, 2012, substituted "Section" for "Division" in the first sentence. Session Laws 2014-100, s. 17.1(xxx), effective July 1, 2014, substituted "Branch" for "Section" at the end of the first sentence. Session Laws 2019-203, s. 9(b), effective October 1, 2019, substituted "ALE Division" for "Branch." Session Laws 2019-203, s. 12(c), substituted "Commission" for "ALE Division" in the first sentence of this section. For effective date and applicability, see editor's note. § 143-657: Repealed by Session Laws 1997-504, s. 6.