Cal. Code Regs. tit. 10 § 1740.2

Current through Register 2024 Notice Reg. No. 44, November 1, 2024

Section 1740.2 - Liquid Assets Defined

The term "liquid assets" as referred to in Section 17210 of the Financial Code includes the following:

(a) Cash on hand or in bank.

(b) Cash in transit.

(c) Securities whose marketability and value are established by satisfactory proof.

(d) Direct obligations of the United States Government.

(e) Bonds of state and government units whose marketability and value are established by satisfactory proof.

(f) Investments in savings and loan associations and other financial institutions upon satisfactory proof that the funds of the licensee are readily available upon demand.

Cal. Code Regs. Tit. 10, § 1740.2

1. New section filed 11-13-58; effective thirtieth day thereafter (Register 58, No. 21).
2. Amendment filed 11-24-65; effective thirtieth day thereafter (Register 65, No. 23).
3. Amendment filed 6-27-74; effective thirtieth day thereafter (Register 74, No. 26).
4. Editorial correction adding NOTE filed 4-6-83 (Register 83, No. 15).

Note: Authority cited: Sections 17210, 17400 and 17401, Financial Code. Reference: Sections 17210 and 17415, Financial Code.

1. New section filed 11-13-58; effective thirtieth day thereafter (Register 58, No. 21).
2. Amendment filed 11-24-65; effective thirtieth day thereafter (Register 65, No. 23).
3. Amendment filed 6-27-74; effective thirtieth day thereafter (Register 74, No. 26).
4. Editorial correction adding NOTE filed 4-6-83 (Register 83, No. 15).