Florida Senate - 2023                        COMMITTEE AMENDMENT
       Bill No. CS for SB 532
       
       
       
       
       
       
                                Ì952260{Î952260                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/11/2023           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Rules (Burton) recommended the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 45 - 76
    4  and insert:
    5  terms are defined in s. 620.1102, who has a 25 percent or more
    6  transferable interest, as defined in s. 620.1102, of a limited
    7  partnership, limited liability limited partnership, foreign
    8  limited partnership, or foreign limited liability limited
    9  partnership, as those terms are defined in s. 620.1102 For a
   10  money services business that is a partnership, all general
   11  partners, and those limited or special partners that have
   12  contributed 25 percent or more or that have the right to receive
   13  upon dissolution 25 percent or more of the partnership’s
   14  capital.
   15         (f)(h) A member, who is a person that owns a membership
   16  interest in a limited liability company or a foreign limited
   17  liability company, as those terms are defined in s. 605.0102(36)
   18  and (26), respectively, that holds a 25 percent or more
   19  membership interest in such companies. As used in this
   20  subsection, the term “membership interest” means a member’s
   21  right to receive distributions or other rights, such as voting
   22  rights or management rights, under the articles of organization
   23  For a money services business that is a limited liability
   24  company, all managers, and those members that have contributed
   25  25 percent or more or that have the right to receive upon
   26  dissolution 25 percent or more of the limited liability
   27  company’s capital.
   28         (g) A natural person who indirectly owns 25 percent or more
   29  of the shares or stock interest, transferable interest as
   30  defined in s. 620.1102, or membership interest as defined in
   31  paragraph (f), of any legal entities referred to in paragraphs
   32  (d)-(f).