DIVISION 1.2. MONEY TRANSMISSION ACT 2000-2176›CHAPTER 5. Eligible Securities 2081-2089

§ 2089

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

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.

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

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California Financial Code

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