{"data":{"id":"us-tx/tex.-finance-code-152.061","jurisdiction":"us-tx","citation":"Tex. Finance Code § 152.061","heading":"PRESUMPTION OF CONTROL.","body":"(a) A person is presumed to exercise a controlling influence over a money services licensee if the person holds the power to directly or indirectly vote not less than 10 percent of the outstanding voting shares or voting interests of a money services licensee or person in control of a money services licensee.\n(b) The presumption under Subsection (a) may be rebutted by evidence that the person who is presumed to exercise a controlling influence under Subsection (a) is a passive investor.\n(c) For purposes of determining the percentage of a money services licensee controlled by a person, the person's interest shall be aggregated with the interest of any person:\n(1) related within the second degree of consanguinity or affinity, other than a person's grandparent or grandchild; or\n(2) who shares the person's home.\nAdded by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff. September 1, 2023.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE E. OTHER FINANCIAL BUSINESSES","CHAPTER 152. REGULATION OF MONEY SERVICES BUSINESSES","SUBCHAPTER B. ADMINISTRATIVE PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.152.htm#152.061","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"6ecc4c998a93660fca57866396de057b45066255b920eade5473b90de307136e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-152.060","next":"us-tx/tex.-finance-code-152.101"},"notice":"GroundRules: Original legal text. Not legal advice."}