§ 625.77, Fla. Stat. · Part IV. DOMESTIC STOCK INSURERS;EQUITY SECURITIES
Unlawful to sell equity security not owned; delayed delivery.
Text — 2026 Florida Statutes
(1) It is unlawful for any person reporting securities under s. 625.75 to sell, directly or indirectly, any equity security of a company named in such report if the person or the person’s principal:
(a) Does not own the security sold;
(b) If owning the security, does not deliver it against such sale within 20 days thereafter; or
(c) Does not within 5 days after such sale deposit it in the mails or other usual channels of transportation.
(2) No person shall be deemed to have violated this section if he or she proves that, notwithstanding the exercise of good faith, he or she was unable to make such delivery or deposit within such time.
Notes and commentary — not statutory text
History
s. 1, ch. 65-18; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 137, 143, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 202, ch. 97-102.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0625/0625.html
- Text hash
- sha256 c0462a52fe71465ae24964964b50374f86300d293c68e74f3ea881e7ea07b314
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
- composed from the Legislature's structured HTML (one source of text; no PDF extraction); a second, independent reading of the same bytes agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 4 provisions
Provisions in this library whose text cites § 625.77, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 625.78, Fla. Stat.Certain sale and purchase exempted; investment account.Printed as s. 625.77
- § 625.79, Fla. Stat.Certain foreign or domestic arbitrage transactions exempted.Printed as ss. 625.75-625.77
- § 625.81, Fla. Stat.Equity securities of certain domestic stock insurer exempted.Printed as ss. 625.75-625.77
- § 625.82, Fla. Stat.Rules.Printed as ss. 625.75-625.77
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.