Terms Used In Florida Regulations 5J-13.001

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
    The definitions found in Chapter 539, Florida Statutes, and the following shall apply:
    (1) Beneficial owner means a person who does not have title to property but has rights in the property which are the normal incident of owning the property.
    (2) Operator means a person who has charge of a corporation or company and has control of its business, or of its branch establishments, divisions, or departments, and who is vested with a certain amount of discretion and independent judgment.
Specific Authority 570.07(23) FS. Law Implemented 539.001(4), (5) FS. History—New 12-10-96.