There is a newer version of the Georgia Code
2015 Georgia Code
Title 7 - BANKING AND FINANCE
Chapter 9 - GEORGIA MERCHANT ACQUIRER LIMITED PURPOSE BANK
- § 7-9-1 - Short title
- § 7-9-2 - Definitions
- § 7-9-3 - Chartering of merchant acquirer limited purpose banks; regulation limited
- § 7-9-4 - Application; fees; minimum number of employees
- § 7-9-5 - Articles of incorporation; filing; publication; registered agent; administration by board of directors
- § 7-9-6 - Information to be included on charter application
- § 7-9-7 - Investigation; approval or disapproval of charter application; "conviction data" defined; background checks; impact of disapproval
- § 7-9-8 - Issuance of certificate of incorporation by Secretary of State
- § 7-9-9 - Corporate existence; shareholders; authority to regulate and supervise sale of shares; legal effect of incorporation certificate; when business may begin
- § 7-9-10 - Liability of applicant beginning business before authorized
- § 7-9-11 - Capital stock and paid-in surplus requirements
- § 7-9-12 - Limitations on depositors and deposit-taking activities; deposit insurance; self-acquiring activities not permitted.
- § 7-9-12.1 - Treatment of merchant funds
- § 7-9-13 - Enforcement by department; rules and regulations
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