Minimum capital
From Infogalactic: the planetary knowledge core
Minimum capital is a concept used in corporate law and banking regulation to stipulate what assets the organisation must hold as a minimum requirement. The purpose of minimum capital in corporate law is to ensure that in the event of insolvency or financial instability, the corporation has a sufficient asset base to satisfy the claims of creditors.
Corporate law
All public companies within the European Union are required to hold at least £50,000 in capital stocks[citation needed].
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Banking regulation
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See also
Notes
References
- J Armour, 'Legal Capital: An Outdated Concept?' (2006) 7 EBOR 5
