Texas Statutes
§ 152.061 — PRESUMPTION OF CONTROL.
Texas § 152.061
JurisdictionTexas
Code FIFinance Code
This text of Texas § 152.061 (PRESUMPTION OF CONTROL.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 152.061 (2026).
Text
Sec. 152.061. PRESUMPTION OF CONTROL.
(a)A person is presumed to exercise a controlling influence over a money services licensee if the person holds the power to directly or indirectly vote not less than 10 percent of the outstanding voting shares or voting interests of a money services licensee or person in control of a money services licensee.
(b)The presumption under Subsection (a) may be rebutted by evidence that the person who is presumed to exercise a controlling influence under Subsection (a) is a passive investor.
(c)For purposes of determining the percentage of a money services licensee controlled by a person, the person's interest shall be aggregated with the interest of any person:
(1)related within the second degree of consanguinity or affinity, other than a person's grandp
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Legislative History
Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895 ), Sec. 1.01, eff. September 1, 2023.
Nearby Sections
15
§ 152.001
SHORT TITLE.§ 152.002
PURPOSE; CONSTRUCTION OF CHAPTER.§ 152.003
DEFINITIONS.§ 152.004
EXEMPTIONS.§ 152.051
ADMINISTRATION.§ 152.052
RULES; FEES.§ 152.053
IMPLEMENTATION.§ 152.054
COMMISSIONER'S GENERAL AUTHORITY.§ 152.055
CONFIDENTIALITY.§ 152.056
INVESTIGATIONS.§ 152.057
SUPERVISION.§ 152.058
NETWORKED SUPERVISION.§ 152.059
RELATIONSHIP TO FEDERAL LAW.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 152.061, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/152.061.