California Financial Code

§ 18132

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 18132Div. 7 · Ch. 2 · Art. 3

Statute text

View on leginfo.ca.gov

An industrial loan company may declare a dividend on its capital stock only if the company has minimum unimpaired capital of seven hundred fifty thousand dollars ($750,000) plus additional capital stock of fifty thousand dollars ($50,000) for each branch office.

Legislative history

Repealed and added by Stats. 1983, Ch. 858, Sec. 8.