California Code, FIN 5601.

California Code, FIN 5601.

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Financial Code - FIN

DIVISION 2. SAVINGS ASSOCIATION LAW [5000 - 10009] Â Â ( Division 2 repealed and added by Stats. 1983, Ch. 1091, Sec. 2. ) Â Â CHAPTER 2. Corporate Organization and Corporate Changes [5400 - 5868] Â Â ( Chapter 2 added by Stats. 1983, Ch. 1091, Sec. 2. ) Â Â

ARTICLE 3. Postincorporation Organization of Associations [5600 - 5618] Â Â ( Article 3 added by Stats. 1983, Ch. 1091, Sec. 2. )

  5601.  Before a certificate of authority is issued, the capital of the association shall be paid into the association and, in the case of stock, shall be the sum of the par or initially stated value of all shares of capital stock, plus the initial paid-in surplus. The minimum required capital shall be established by regulations, or instructions, issued by the commissioner. (Amended by Stats. 1984, Ch. 287, Sec. 3.5. Effective July 6, 1984.)