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2025 Code of Georgia
Title 7 - Banking and Finance (Chs. 1 — 11)
Chapter 9 - Georgia Merchant Acquirer Limited Purpose Bank (§§ 7-9-1 — 7-9-13)
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Research References & Practice Aids
Administrative rules and regulations.Merchant Acquirer Limited Purpose Banks, Official Compilation of the Rules and Regulations of the State of Georgia, Rules of Department of Banking and Finance, Rule 80-12-1-.01 et seq.
Hierarchy Notes:O. C. G. A. Title 7
Universal Citation:
O.C.G.A. Title 7, Ch. 9
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- § 7-9-1. Short title
- § 7-9-2. Definitions
- § 7-9-3. [Effective July 1, 2026] Chartering of merchant acquirer limited purpose banks; regulation limited; application of Title 14
- § 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. Officers and employees
- § 7-9-5.4. Oath of office required
- § 7-9-6. Charter application requirements
- § 7-9-7. Investigation; background check requirements and procedure
- § 7-9-8. Issuance of certificate of incorporation or certificate of organization
- § 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
- § 7-9-10.1. [Effective July 1, 2026] Amendment of articles
- § 7-9-11. Capital stock and paid-in surplus requirements
- § 7-9-11.1. Merger or consolidation requirements
- § 7-9-11.2. Merger or consolidation plan; requirements
- § 7-9-11.3. Notice of merger or consolidation; filing
- § 7-9-11.4. Merger or consolidation application; requirements
- § 7-9-11.5. Merger or consolidation investigation; requirements and procedure
- § 7-9-11.6. Certificate of merger or consolidation
- § 7-9-11.7. Certificate effective upon issuance; evidence of satisfactory performance; effect of merger
- § 7-9-11.8. Rights and remedies of shareholders
- § 7-9-12. Limitations on activities; deposit insurance
- § 7-9-12.1. Treatment of merchant funds
- § 7-9-13. Regulation and enforcement by department; rules and regulations
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