Public Entity Crimes Act. Section 287.133(2)(a), Florida Statutes, provides that: An entity under the control of any natural person who is active in the management of the entity and who has been convicted of a public entity crime. The term “affiliate” includes those officers, directors, executives, partners, shareholders, employees, members, and agents who are active in the management of an affiliate. The ownership by one person of shares constituting a controlling interest in another person, or a pooling of equipment or income among persons when not for fair market value under an arm’s length agreement, shall be a prima facie case that one person controls another person. A person who knowingly enters into a joint venture with a person who has been convicted of a public entity crime in Florida during the preceding 36 months shall be considered an affiliate.
Appears in 3 contracts
Samples: Premises Lease and Use Agreement (Virgin Trains USA LLC), Ground Lease Agreement (Virgin Trains USA LLC), Escrow Extension Agreement (Virgin Trains USA LLC)
Public Entity Crimes Act. Section 287.133(2)(a), Florida Statutes, provides that: that: An entity under the control of any natural person who is active in the management of the entity and who has been convicted of a public entity crime. The term “"affiliate” " includes those officers, directors, executives, partners, shareholders, employees, members, and agents who are active in the management of an affiliate. The ownership by one person of shares constituting a controlling interest in another person, or a pooling of equipment or income among persons when not for fair market value under an arm’s 's length agreement, shall be a prima facie case that one person controls another person. A person who knowingly enters into a joint venture with a person who has been convicted of a public entity crime in Florida during the preceding 36 months shall be considered an affiliate.
Appears in 1 contract
Samples: Ground Lease Agreement
Public Entity Crimes Act. Section 287.133(2)(a), Florida Statutes, provides that: An entity under the control of any natural person who is active in the management of the entity and who has been convicted of a public entity crime. The term “"affiliate” " includes those officers, directors, executives, partners, shareholders, employees, members, and agents who are active in the management of an affiliate. The ownership by one person of shares constituting a controlling interest in another person, or a pooling of equipment or income among persons when not for fair market value under an arm’s 's length agreement, shall be a prima facie case that one person controls another person. A person who knowingly enters into a joint venture with a person who has been convicted of a public entity crime in Florida during the preceding 36 months shall be considered an affiliate.
Appears in 1 contract
Samples: Embankment Funding Agreement