Ultimate Equitable Owner Law and Legal Definition

Ultimate equitable owner is a person who owns or controls any ownership interest in a person or entity either directly or indirectly, regardless of whether the person or entity owns or controls the ownership interest through one or more other persons or proxies, powers of attorney, or other variances.

Following is an example of a state statute (Florida) defining the term Ultimate equitable owner :

According to Fla. Stat. §550.002(37)"Ultimate equitable owner" means a natural person who, directly or indirectly, owns or controls 5 percent or more of an ownership interest in a corporation, foreign corporation, or alien business organization, regardless of whether such person owns or controls such ownership through one or more natural persons or one or more proxies, powers of attorney, nominees, corporations, associations, partnerships, trusts, joint stock companies, or other entities or devices, or any combination thereof.