Section 43-4B-2. Application

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

   (1) In which the contestants are all amateurs; and

   (2) Which is governed or authorized by:

      (A) U.S.A. Boxing;

      (B) The Georgia High School Athletic Association;

      (C) The National Collegiate Athletic Association;

      (D) Amateur Athletic Union;

      (E) Golden Gloves;

      (F) Team Georgia Amateur Wrestling;

      (G) USA Wrestling;

      (H) National High School Coaches Association;

      (I) North American Sport Karate Association;

      (J) International Sport Kick Boxing/Karate Association;

      (K) World Kick Boxing Association;

      (L) United States Kick Boxing Association;

      (M) International Sport Combat Federation;

      (N) Professional Karate Commission;

      (O) International Kick Boxing Federation; or

      (P) The local affiliate of any organization listed in this paragraph.

(b) 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) Is registered under the federal Securities Exchange Act of 1934; and

   (2) Has total assets of not less than $25 million.

Code 1981, § 43-4B-2, enacted by Ga. L. 2001, p. 752, § 2; Ga. L. 2005, p. 984, § 2/SB 224; Ga. L. 2011, p. 752, § 43/HB 142.