Fin. Code, § 18130 · Article 3. Capitalization
Fin. Code, § 18130
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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 incorporated or commencing business on or before July 8, 1975.
(b) Seven hundred fifty thousand dollars ($750,000), and a paid-in surplus of five hundred thousand dollars ($500,000), at the time business is commenced, if incorporated or commencing business on or after July 9, 1975.
(c) Industrial loan companies which commenced business prior to July 9, 1975, and which do not meet the capital stock and paid-in surplus requirements of this section shall be governed until January 1, 1987, by Sections 18130, 18131, 18132, 18133, 18134, and 18135 of the Financial Code, as in effect on December 31, 1983.
Notes and commentary — not statutory text
History
Amended by Stats. 1983, Ch. 858, Sec. 4.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18130.
- Text hash
- sha256 5122625ecf7c5e3db2a8f3a9fb92961d972f99884db6397c445e662e7a7504d4
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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