California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 7. INDUSTRIAL LOAN COMPANIES |
Chapter 2. Formation and Organization |
ARTICLE 2. Applications |
Section 18120.
Latest version.
-
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.
(Amended by Stats. 1977, Ch. 264.)