§ 2089
39 words·~1 min read·
/ca/financial-code/2089A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.