A person has a controlling interest in a money services business if the person: (1) Possesses the power, directly or indirectly, to direct the management or policies of the money services business, whether through ownership, by contract, or otherwise; (2) Directly or indirectly may vote 25 percent or more of a class of a voting security or sell or direct the sale of 25 percent or more of a class of voting securities; or (3) In the case of a partnership, may receive upon dissolution or has contributed 25 percent or more of the capital.
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