California § 2089. 2089. (Added by Stats. 2011, Ch. 243, Sec. 4.)

California Statutes

§ 2089. — 2089. (Added by Stats. 2011, Ch. 243, Sec. 4.)

California § 2089.

Code FINFinancial Code - FIN

Div. 1.2.DIVISION 1.2. MONEY TRANSMISSION ACT

Ch. 5.CHAPTER 5. Eligible Securities

This text of California § 2089. (2089. (Added by Stats. 2011, Ch. 243, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 2089. (2026).

Text

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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Legislative History

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

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Bluebook (online)

California § 2089., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/BPC/2089..