California · Financial Code
FIN §18131: 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 ca
What this law says, in plain English
Industrial loan companies with branch offices must maintain additional capital stock beyond the amount required by Section 18130.
Read the full statutory text
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.
Verify at the official source: California legislative text
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