There is a newer version of the Georgia Code
2016 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
- § 7-9-5.1. Meetings
- § 7-9-5.2. Bylaws
- § 7-9-5.3. Merchant acquirer limited purpose bank
- § 7-9-5.4. Oath of office; administration of affairs
- § 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
- § 7-9-11.1. Merger or consolidation of limited purpose bank; compliance with provisions of Chapter 9
- § 7-9-11.2. Terms and conditions of merger or consolidation
- § 7-9-11.3. Notice of merger or consolidation; filing
- § 7-9-11.4. Parties to merger or consolidation plan to file application; requirements
- § 7-9-11.5. Investigation of merger or consolidation plan; approval or disapproval
- § 7-9-11.6. Issuance of certificate of merger or consolidation
- § 7-9-11.7. Certificate effective upon issuance by Secretary of State; evidence of satisfactory performance; effect of merger
- § 7-9-11.8. Rights and remedies of shareholders
- § 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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