In addition to the capital stock required by Section 18130, an industrial loan company which has branch offices or which opens an additional branch office or place of business shall have additional capital stock of fifty thousand dollars ($50,000) for each branch office.
Cal. Fin. Code § 18131
Capitalization
Known as the Industrial Loan Law
The act spans §§ 18000–18707 (410 sections).
Repealed and added by Stats. 1983, Ch. 858, Sec. 6.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.