152.355 – MAINTENANCE OF PERMISSIBLE INVESTMENTS BY MONEY
Texas Finance Code § 152.355
Summary
This law requires money transmission licensees to maintain permissible investments equal to or greater than their outstanding obligations. It ensures that these businesses have sufficient assets to cover their financial responsibilities to customers. This affects all licensed money transmitters operating in Texas.
Licensees must maintain investments equal to outstanding obligations.
Investments must comply with U.S. accounting principles.
Applies to all money transmission licensees in Texas.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's MAINTENANCE OF PERMISSIBLE INVESTMENTS BY MONEY law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.