Statute · California Financial Code
Cal. Fin. Code § 18137 — Capitalization
Cal. Fin. Code § 18137
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An industrial loan company shall not reduce its capital stock to an amount less than is required by this article to be maintained by such company or less than any indebtedness of such company other than its investment certificates.
Citator
Cal. Fin. Code § 18137 — Capitalization is in force in the current edition of the Code, and nothing recorded condemns it.
An industrial loan company shall not reduce its capital stock to an amount less than is required by this article to be maintained by such company or less than any indebtedness of such company other than its investment certificates.