Florida Statute 560.127 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 560
MONEY SERVICES BUSINESSES

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F.S. 560.127

560.127 Control of a money services business.—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.

History.—s. 1, ch. 94-238; s. 1, ch. 94-354; s. 707, ch. 2003-261; s. 57, ch. 2006-213; s. 22, ch. 2008-177.

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F.S. 560.127 on Casetext

Amendments to 560.127

Arrestable Offenses / Crimes under Fla. Stat. 560.127

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 560.127.

Annotations, Discussions, Cases:

Cases Citing Statute 560.127

Total Results: 2

Orlando Realty Board Building Corp. v. Hilpert

Court: Supreme Court of Florida | Date Filed: 1927-05-02

Citation: 113 So. 100, 93 Fla. 954, 1927 Fla. LEXIS 1197

Snippet: 236; Rude v. Levy, 43 Colo. 482, 96 Pac. Rep. 560, 127 A. S. R. 123, 24 L. R. A. (N. S.) 91. When the

Martin v. Albee

Court: Supreme Court of Florida | Date Filed: 1927-04-26

Citation: 113 So. 415, 93 Fla. 941

Snippet: 236; Rude v. Levy, 43 Colo. 482, 96 Pac. Rep. 560, 127 A. S. R. 123, 24 L. R. A. (N. S.) 91. The bill