Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 9. GEORGIA MERCHANT ACQUIRER LIMITED PURPOSE BANK

7-9-11. Capital stock and paid-in surplus requirements.

Active

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

A merchant acquirer limited purpose bank shall at all times maintain capital stock and paid-in surplus as required by policies of the department but in no event less than $3 million.

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, § 7-9-11, enacted by Ga. L. 2012, p. 43, § 1/HB 898.

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

Text read from t7-t8-(v5)-2024-pdf.pdf, Volume V5, 2024 edition, page 836; merge action: carried; file SHA-256 5c69f28428d8.