Section 69W-500.004 - Computation of Number of Purchasers for Purposes of Section 517.061(11), F.S(1) The following purchasers shall be excluded in computing the number of purchasers for purposes of section 517.061(11), F.S.:(a) The issuer, including any promoter of that issuer;(b) Any General Partner of a Limited Partnership, regardless of the types of interest in the Limited Partnership purchased or held by the General Partner;(c) Any purchaser with whom the transaction was consummated outside the State of Florida.(2) For purposes of section 517.061(11), F.S., there shall be counted as one purchaser any corporation, partnership, joint stock company, trust or unincorporated organization, except that if such entity was organized for the specific purpose of acquiring the securities offered, each beneficial owner of equity interests or equity securities in such entity shall count as a separate purchaser.Fla. Admin. Code Ann. R. 69W-500.004
Rulemaking Authority 517.03 FS. Law Implemented 517.061(11) FS.
New 12-5-79, Amended 9-20-82, Formerly 3E-500.04, Amended 7-31-91, Formerly 3E-500.004, Amended 5-15-07, 10-29-12.New 12-5-79, Amended 9-20-82, Formerly 3E-500.04, Amended 7-31-91, Formerly 3E-500.004, Amended 5-15-07, 10-29-12.