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2024 CODE OF GEORGIA
Title 7 - BANKING AND FINANCE (§§ 7-1-1 — 7-9-13)
Chapter 9 - GEORGIA MERCHANT ACQUIRER LIMITED PURPOSE BANKS (§§ 7-9-1 — 7-9-13)
- Section 7-9-1 - Short title
- Section 7-9-2 - Definitions
- Section 7-9-3 - Chartering of merchant acquirer limited purpose banks; regulation limited
- Section 7-9-4 - Application; fees; minimum number of employees
- Section 7-9-5 - Articles of incorporation; filing; publication; registered agent; administration by board of directors
- Section 7-9-5.1 - Meetings
- Section 7-9-5.2 - Bylaws
- Section 7-9-5.3 - Officers and employees
- Section 7-9-5.4 - Oath of office required
- Section 7-9-6 - Charter application requirements
- Section 7-9-7 - Investigation; requirements and procedure for background checks
- Section 7-9-8 - Issuance of certificate of incorporation or certificate of organization
- Section 7-9-9 - Corporate existence; shareholders; authority to regulate and supervise sale of shares; legal effect of incorporation certificate; when business may begin
- Section 7-9-10 - Liability of applicant beginning business before authorized
- Section 7-9-11 - Capital stock and paid-in surplus requirements
- Section 7-9-11.1 - Merger or consolidation requirements
- Section 7-9-11.2 - Merger or consolidation plan; requirements
- Section 7-9-11.3 - Notice of merger or consolidation; filing
- Section 7-9-11.4 - Merger or consolidation application; requirements
- Section 7-9-11.5 - Merger or consolidation investigation; requirements and procedure
- Section 7-9-11.6 - Certificate of merger or consolidation
- Section 7-9-11.7 - Certificate effective upon issuance; evidence of satisfactory performance; effect of merger
- Section 7-9-11.8 - Rights and remedies of shareholders
- Section 7-9-12 - Limitations on activities; deposit insurance
- Section 7-9-12.1 - Treatment of merchant funds
- Section 7-9-13 - Regulation and enforcement by department; rules and regulations
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