Fla. Stat. 560.127
Control of a money services business

(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.

Source: Section 560.127 — Control of a money services business, https://www.­flsenate.­gov/Laws/Statutes/2024/0560.­127 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 560.127. Control of a money services business's source at flsenate​.gov