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2017 US Code
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
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| 12 U.S.C. § 1403 (2017) |
| §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.) |
| United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 |
| section 1403 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 47 Stat. 60 |
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