California § 2089 - A licensee shall maintain eligible securities that are adequately diversified, pr
Full text of California Public Contract Code - PCC § 2089 — A licensee shall maintain eligible securities that are adequately diversified, pr, with citation guidance and answers to common questions.
§ 2089. A licensee shall maintain eligible securities that are adequately diversified, pr
A licensee shall maintain eligible securities that are adequately diversified, predominantly of a duration commensurate with the licenseeâs outstanding money transmission obligations, and of sufficient liquidity and quality to promptly pay the outstanding money transmission obligations of the licensee.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 2089
What does Public Contract Code - PCC § 2089 cover?
Section 2089 ("A licensee shall maintain eligible securities that are adequately diversified, pr") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 2089?
A common citation format is "Public Contract Code - PCC § 2089" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 2089 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.