12-U.S.C.-1403
§1403 – Minimum Paid-In Capital Stock Required to Warrant Loans
Pathway
Title 12 > Chapter 10 > Section 1403
Details
- Reference: Section 1403
- Legend: §1403 – Minimum Paid-In Capital Stock Required to Warrant Loans
- USCode Year: 2013
Provision Content
No loan or advance shall be made to any individual upon the capital stock of or to create or increase the capital stock of any corporation, unless the paid-in capital stock of such corporation shall be at least $10,000.
(Mar. 3, 1932, ch. 70, §3, 47 Stat. 60.)
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