Fla. Admin. Code Ann. R. 5J-9.0015 - Definitions

(1) The definitions contained in section 559.927, F.S., and the following shall apply:

(2) Same ownership and control - means one of the following:

(a) If a corporation, at least 51% of the stock or shares of the business has been held by the same person or persons for three consecutive years, or

(b) If a partnership, at least 51% of the business interest has been held by the same person or persons for three consecutive years.

Notes

Fla. Admin. Code Ann. R. 5J-9.0015

Rulemaking Authority 559.9355(3) FS. Law Implemented 559.935(2) FS.

New 2-8-94, Amended 11-6-95.

New 2-8-94, Amended 11-6-95.