Florida § 625.77 - Unlawful to sell equity security not owned; delayed delivery.
Full text of Florida Florida Statutes § 625.77 — Unlawful to sell equity security not owned; delayed delivery., with citation guidance and answers to common questions.
§ 625.77. Unlawful to sell equity security not owned; delayed delivery.
(1) It is unlawful for any person reporting securities under s. 625.75 to sell, directly or indirectly, any equity security of a company named in such report if the person or the person’s principal: (a) Does not own the security sold; (b) If owning the security, does not deliver it against such sale within 20 days thereafter; or (c) Does not within 5 days after such sale deposit it in the mails or other usual channels of transportation. (2) No person shall be deemed to have violated this section if he or she proves that, notwithstanding the exercise of good faith, he or she was unable to make such delivery or deposit within such time.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 625.77
What does Florida Statutes § 625.77 cover?
Section 625.77 ("Unlawful to sell equity security not owned; delayed delivery.") 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 § 625.77?
A common citation format is "Florida Statutes § 625.77" (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 § 625.77 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.