Section 80.5100 - Tangible Shareholders' Equity(a) In this Subarticle, "subject institution" means a California licensed money transmitter or an applicant for a money transmitter license.(b) In considering the factors set forth in subdivision (c) of Financial Code Section 2040 to determine the amount of tangible shareholders' equity required of a subject institution, the Commissioner may assess how those factors when considered as whole would affect the safety and soundness of the subject institution and/or prejudice the interests of the customers of the subject institution.Cal. Code Regs. Tit. 10, § 80.5100
1. New subarticle 2 (section 80.5100) and section filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33). Note: Authority cited: Section 2040, Financial Code. Reference: Section 2040, Financial Code.
1. New subarticle 2 (section 80.5100) and section filed 8-11-2015; operative 10/1/2015 (Register 2015, No. 33).