§ 18132
40 words·~1 min read·
/ca/financial-code/18132A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.