12 U.S.C.

United States Code, 2010 Edition

Title 12 - BANKS AND BANKING

CHAPTER 10 - LOCAL AGRICULTURAL-CREDIT CORPORATIONS, LIVESTOCK-LOAN COMPANIES AND LIKE ORGANIZATIONS; LOANS TO INDIVIDUALS TO AID IN FORMATION OR TO INCREASE CAPITAL STOCK

Sec. 1403 - Minimum paid-in capital stock required to warrant loans

From the U.S. Government Publishing Office, www.gpo.gov


### §1403. Minimum paid-in capital stock required to warrant loans

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.)