- (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.
Rulemaking Authority 559.9355(3) FS. Law Implemented 559.935(2) FS. History–New 2-8-94, Amended 11-6-95.