California Financial Code

§ 18130

FIN § 18130Div. 7 · Ch. 2 · Art. 3

Statute text

The capital stock of an industrial loan company incorporated under this division shall not be less than:

(a)Five hundred thousand dollars ($500,000), if incorporated or commencing business on or before July 8, 1975.

(b)Seven hundred fifty thousand dollars ($750,000), and a paid-in surplus of five hundred thousand dollars ($500,000), at the time business is commenced, if incorporated or commencing business on or after July 9, 1975.

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Legislative history

Amended by Stats. 1983, Ch. 858, Sec. 4.