43-4B-2. Application.

The provisions of this chapter shall not be construed to apply to any match, contest, or exhibition:#

1. (1)

   In which the contestants are all amateurs; and#

2. (2)

   Which is governed or authorized by:#

   1. (A)

      U.S.A. Boxing;#

   2. (B)

      The Georgia High School Athletic Association;#

   3. (C)

      The National Collegiate Athletic Association;#

   4. (D)

      Amateur Athletic Union;#

   5. (E)

      Golden Gloves;#

   6. (F)

      Team Georgia Amateur Wrestling;#

   7. (G)

      USA Wrestling;#

   8. (H)

      National High School Coaches Association;#

   9. (I)

      North American Sport Karate Association;#

   10. (J)

       International Sport Kick Boxing/Karate Association;#

   11. (K)

       World Kick Boxing Association;#

   12. (L)

       United States Kick Boxing Association;#

   13. (M)

       International Sport Combat Federation;#

   14. (N)

       Professional Karate Commission;#

   15. (O)

       International Kick Boxing Federation; or#

   16. (P)

       The local affiliate of any organization listed in this paragraph.#

The provisions of this chapter shall not apply to any matches, contests, or exhibitions of professional wrestling or to a promoter or organization that promotes, organizes, or governs such matches, contests, or exhibitions where such promoter or organization is a corporation that, at the time of such matches, contests, or exhibitions:#

1. (1)

   Is registered under the federal Securities Exchange Act of 1934; and#

2. (2)

   Has total assets of not less than $25 million.#