Financial Code section 18132

An industrial loan company may declare a dividend on its capital stock only if the company has minimum unimpaired capital of seven hundred fifty thousand dollars ($750,000) plus additional capital stock of fifty thousand dollars ($50,000) for each branch office.

Source: Section 18132, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18132. (updated Jan. 1, 1983; accessed Jun. 9, 2025).

18130
18131
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18139

Last Updated

Jan. 1, 1983

§ 18132’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18132

Original Source: Section 18132, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18132. (last accessed May 12, 2025).