California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 7. INDUSTRIAL LOAN COMPANIES |
Chapter 2. Formation and Organization |
ARTICLE 3. Capitalization |
Section 18132.
Latest version.
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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.
(Repealed and added by Stats. 1983, Ch. 858, Sec. 8.)