Florida § 560.127 - Control of a money services business.
Full text of Florida Florida Statutes § 560.127 — Control of a money services business., with citation guidance and answers to common questions.
§ 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.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 560.127
What does Florida Statutes § 560.127 cover?
Section 560.127 ("Control of a money services business.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 560.127?
A common citation format is "Florida Statutes § 560.127" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 560.127 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.