California Statutes
§ 2089. — 2089. (Added by Stats. 2011, Ch. 243, Sec. 4.)
California·Code FIN Financial Code - FIN·Div. 1.2. DIVISION 1.2. MONEY TRANSMISSION ACT·Ch. 5. CHAPTER 5. Eligible Securities
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.
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California § 2089. (2089. (Added by Stats. 2011, Ch. 243, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.