{"code":"FIN","codeName":"Financial Code","section":"18120","citation":"Fin. Code, § 18120","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]","url":"https://blackletter.si/financial-code/division-7"},{"name":"CHAPTER 2. Formation and Organization [18100. - 18166.]","url":"https://blackletter.si/financial-code/division-7/chapter-2"},{"name":"ARTICLE 2. Applications [18115. - 18120.]","url":"https://blackletter.si/financial-code/division-7/chapter-2/article-2"}],"history":"Amended by Stats. 1977, Ch. 264.","effective":null,"html":"<p>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 <a href=\"/fin/18130\">18130</a>) of this chapter.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/financial-code/applications-18120","source":"California Legislative Information bulk export (pubinfo)"}