California Financial Code ARTICLE 3 - Capitalization
- Section 18130.
The capital stock of an industrial loan company incorporated under this division shall not be less than:(a) Five hundred thousand dollars ($500,000), if incorporated or commencing...
- Section 18131.
In addition to the capital stock required by Section 18130, an industrial loan company which has branch offices or which opens an additional branch office...
- Section 18132.
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...
- Section 18137.
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...
- Section 18138.
(a) No person may acquire in the aggregate 10 percent or more of the capital stock of, or the capital of, an industrial loan company through...
- Section 18139.
A sale, merger, or conversion involving an industrial loan company and another industrial loan company, a bank, or a savings association is subject to Division...
Last modified: October 22, 2018