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2025 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 2 - Formation and Organization
ARTICLE 2 - Applications
Section 18120.
Universal Citation:
CA Fin Code § 18120 (2025)
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18120. 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.
(Amended by Stats. 1977, Ch. 264.)
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