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California Financial Code

§ 2089

FIN § 2089 Effective Jan 1, 2012Div. 1.2 · Ch. 5

Statute text

View on leginfo.ca.gov
A licensee shall maintain eligible securities that are adequately diversified, predominantly of a duration commensurate with the licensee’s outstanding money transmission obligations, and of sufficient liquidity and quality to promptly pay the outstanding money transmission obligations of the licensee.

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.

Source: California Financial Code § 2089 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.