Financial Code § 18132

ARTICLE 3. Capitalization

Current as of September 28, 2026Fin. Code, § 18132Official source ↗

Repealed and added by Stats. 1983, Ch. 858, Sec. 8.

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.