Cal. Fin. Code § 18583

Current through the 2023 Legislative Session.

Section 18583 - Paid in cash for 100 percent of amount of minimum capital stock

Before a premium finance agency commences business or opens a branch office or place of business, there must be paid in cash, for the benefit of the agency, 100 percent of the amount of the minimum capital stock required under this chapter.

Ca. Fin. Code § 18583

Added by Stats. 1976, Ch. 964.