ARTICLE 3. Capitalization [18130. - 18139.]

Article 3 added by Stats. 1976, Ch. 964.

§§ 18130–18139 · 6 sections

• § 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…
• § 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 or…
• § 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…
• § 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 company or less than…
• § 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 purchase,…
• § 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…