Cal. Fin. Code § 18120

Current through the 2023 Legislative Session.

Section 18120 - Payment of minimum capital stock and minimum paid-in surplus or reserve

Before the commissioner issues a certificate of authorization to operate as an industrial loan company, there must be paid in cash for the benefit of the corporation, the minimum capital stock and minimum paid-in surplus or reserve required pursuant to Article 3 (commencing with Section 18130) of this chapter.

Ca. Fin. Code § 18120

Amended by Stats. 1977, Ch. 264.