California Financial Code
§ 2089
FIN § 2089 Effective Jan 1, 2012Div. 1.2 · Ch. 5
Statute text
View on leginfo.ca.govA 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.