§ 18131 Additional Capital For Branches

Financial Code·California

AI SummaryVerified

This law says that if a company has more than one office, they need to have extra money saved up for each extra office.

Key Takeaways

•Companies with multiple offices need extra money saved up.
•For every extra office, they need an additional $50,000.
•This rule is for companies that lend money, like banks.

Example

A company has one main office and wants to open a second office in another town.

They need to have an extra $50,000 saved up just because they have that second office.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 18131 Additional Capital For Branches

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. (Repealed and added by Stats. 1983, Ch. 858, Sec. 6.)

Last verified: January 11, 2026

Key Terms

industrial loan company additional capital stock fifty thousand dollars ($50,000)branch office

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18131.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References