---
title: O.C.G.A. § 10-5A-5. Conditions for acting as commodity merchant; designation of board of trade.
collection: code
id: 10-5A-5
cite_as: O.C.G.A. § 10-5A-5 (2025)
canonical_url: https://georgiacommons.org/code/10-5A-5
md_url: https://georgiacommons.org/code/10-5A-5.md
text_url: https://georgiacommons.org/code/10-5A-5/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=845
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / COMMODITIES AND COMMODITY CONTRACTS AND OPTIONS / GENERAL PROVISIONS
---

# O.C.G.A. § 10-5A-5. Conditions for acting as commodity merchant; designation of board of trade.

(a) No person shall engage in a trade or business or otherwise act as a commodity merchant unless such person:

(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) 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.

## History

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