Georgia Commons7-9-6. Charter application requirements.
The only printed version. Current through: Including Acts of the 2025 Regular Session of the General Assembly.
(a) An application to the department to charter a merchant acquirer limited purpose bank shall include:
(1) Any information desired by the department in order to evaluate the proposed institution which shall be made available in the form specified by the department;
(2) A certificate of the Secretary of State showing that the proposed name of the merchant acquirer limited purpose bank has been reserved pursuant to Code Section 7-1-131; and
(3) Applicable fees established by regulation of the department to defray the expense of the investigation required by Code Section 7-9-7.
(b) An application to the department to own or control a merchant acquirer limited purpose bank shall include:
(1) Any information desired by the department in order to evaluate the proposed transaction which shall be made available in the form specified by the department; and
(2) Applicable fees established by regulation of the department to defray the expense of the investigation.