No Trust Company may be organized or operated with a capital of less than One Hundred Thousand Dollars ($100,000.00), or in such greater amount as may be required by the Commissioner, and paid-up surplus of Fifty Thousand Dollars ($50,000.00), or in such greater amount as may be required by the Commissioner. The full amount of the capital and surplus must be paid in cash, exclusive of all organization expenses, before the Trust Company is authorized to commence business.