SB 562 Passes House Unanimously, Revises Guidelines for Ownership or Transfer of Securities
Apr 25, 2007
Senate Bill 562, sponsored by Senator Fasano, passed the Florida House of Representatives on third reading unanimously on April 24, 2007.
The bill makes several changes to existing law. It revises notice and filing requirements and provides additional grounds for exemption from provisions related to the acquisition of controlling stock. The bill also revises provisions authorizing domestic insurers’ ownership or transfer of certain securities without physical delivery of certificates.
The enrolled version of Senate Bill 562 is attached.
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