Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 5A. COMMODITIES AND COMMODITY CONTRACTS AND OPTIONS · Article 1. GENERAL PROVISIONS

10-5A-5. Conditions for acting as commodity merchant; designation of board of trade.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
No person shall engage in a trade or business or otherwise act as a commodity merchant unless such person:#
1. (1)
  Is registered or temporarily licensed with the Commodity Futures Trading Commission for each activity constituting such person as a commodity merchant and such registration or temporary license shall not have expired or been suspended or revoked; or#
2. (2)
  Is exempt from such registration by virtue of the Commodity Exchange Act or of a Commodity Futures Trading Commission rule.#
(b)
No board of trade shall trade or provide a place for the trading of any commodity contract or commodity option required to be traded on or subject to the rules of a contract market designated by the Commodity Futures Trading Commission unless such board of trade has been so designated for such commodity contract or commodity option and such designation shall not have been vacated, suspended, or revoked.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 10-5A-5, enacted by Ga. L. 1988, p. 1636, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, pages 845 to 846; merge action: carried; file SHA-256 7afbade16da7.