§ 5601
61 words·~1 min read·
/ca/financial-code/5601A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Before a certificate of authority is issued, the capital of the association shall be paid into the association and, in the case of stock, shall be the sum of the par or initially stated value of all shares of capital stock, plus the initial paid-in surplus. The minimum required capital shall be established by regulations, or instructions, issued by the commissioner.