Florida § 560.127 Control of a money services business

Florida Statutes

§ 560.127 — Control of a money services business

Florida § 560.127

TitleXXXIII

Ch. 560MONEY SERVICES BUSINESSES

This text of Florida § 560.127 (Control of a money services business) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 560.127 (2026).

Text

A person has a controlling interest in a money services business if the person:

(1)Possesses the power, directly or indirectly, to direct the management or policies of the money services business, whether through ownership, by contract, or otherwise;

(2)Directly or indirectly may vote 25 percent or more of a class of a voting security or sell or direct the sale of 25 percent or more of a class of voting securities; or

(3)In the case of a partnership, may receive upon dissolution or has contributed 25 percent or more of the capital.

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A person has a controlling interest in a money services business if the person:

(1) Possesses the power, directly or indirectly, to direct the management or policies of the money services business, whether through ownership, by contract, or otherwise;

(2) Directly or indirectly may vote 25 percent or more of a class of a voting security or sell or direct the sale of 25 percent or more of a class of voting securities; or

(3) In the case of a partnership, may receive upon dissolution or has contributed 25 percent or more of the capital.