DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 2. Formation and Organization 18100-18166›ARTICLE 2. Applications 18115-18120

§ 18120

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

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.)

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California Financial Code

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