Financial Code section 2089

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.

Source: Section 2089, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=2089. (updated Jan. 1, 2012; accessed Jun. 9, 2025).

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Up to date

Verified:
Jun. 9, 2025

§ 2089’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_2089

Original Source: Section 2089, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=2089. (last accessed May 12, 2025).