152.356 – TYPES OF PERMISSIBLE INVESTMENTS. (a) The
Texas Finance Code § 152.356
Summary
This law outlines the types of investments that are permissible for money transmission licensees in Texas. It specifies various forms of cash and cash equivalents that can be held in federally insured financial institutions for the benefit of customers.
Permissible investments include cash and cash equivalents.
Investments must be held in federally insured institutions.
Applies specifically to money transmission licensees.
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In simple terms: Learn about Texas's TYPES OF PERMISSIBLE INVESTMENTS. (a) The law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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