R.I. Gen. Laws § 41-5-3.2: License issued only to ring equipment owner.

No license shall be issued by the division of gaming and athletics licensing under § 41-5-1 to an applicant unless the applicant is the sole owner of the ring equipment to be used in the conduct of the boxing or sparring match or exhibition for which the license is sought. The division shall require that satisfactory proof of ownership accompany each application. Sole ownership includes any lease or rental agreement under which the applicant enjoys control and custody of the ring equipment substantially equivalent to that of a sole owner.