Cal. Fin. Code § 18137

Current through the 2023 Legislative Session.
Section 18137 - Reduction of capital stock

An industrial loan company shall not reduce its capital stock to an amount less than is required by this article to be maintained by such company or less than any indebtedness of such company other than its investment certificates.

Ca. Fin. Code § 18137

Added by Stats. 1976, Ch. 964.