There is a newer version of the US Code
2011 US Code
Title 12 - Banks and Banking
Chapter 10 - LOCAL AGRICULTURAL-CREDIT CORPORATIONS, LIVESTOCK-LOAN COMPANIES AND LIKE ORGANIZATIONS; LOANS TO... (§§ 1401 - 1404)
Section 1403 - Minimum paid-in capital stock required to warrant loans
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| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 10 - LOCAL AGRICULTURAL-CREDIT CORPORATIONS, LIVESTOCK-LOAN COMPANIES AND LIKE ORGANIZATIONS; LOANS TO INDIVIDUALS TO AID IN FORMATION OR TO INCREASE CAPITAL STOCK Sec. 1403 - Minimum paid-in capital stock required to warrant loans |
| Contains | section 1403 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Mar. 3, 1932, ch. 70, §3, 47 Stat. 60. |
| Statutes at Large Reference | 47 Stat. 60 |
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12 USC § 1403 (2011)
§1403. Minimum paid-in capital stock required to warrant loans
No loan or advance shall be made to any individual upon the capital stock of or to create or increase the capital stock of any corporation, unless the paid-in capital stock of such corporation shall be at least $10,000.
(Mar. 3, 1932, ch. 70, §3, 47 Stat. 60.)
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