§ 18120
49 words·~1 min read·
/ca/financial-code/18120A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.