Texas Finance Code

§ 152.356 — TYPES OF PERMISSIBLE INVESTMENTS

FI § 152.356Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 152. REGULATION OF MONEY SERVICES BUSINESSES · Art. H. PRUDENTIAL STANDARDS

Statute text

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(a)The following investments are permissible under Section 152.355:

(1)cash, including:

(A)demand deposits held in a federally insured depository financial institution;

(B)savings deposits held in a federally insured depository financial institution;

(C)funds in accounts under Paragraphs (A) and (B) held for the benefit of the money transmission licensee's customers in a federally insured depository financial institution;

(D)cash equivalents, including automated clearing house items:

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Legislative history

Acts 2025, 89th Leg., R.S., Ch. 642 (H.B. 3833), Sec. 9, eff. September 1, 2025.