Georgia Commons

Title 7. BANKING AND FINANCE

Chapter 9. GEORGIA MERCHANT ACQUIRER LIMITED PURPOSE BANK

26 sections · 7-9-1 to 7-9-13

  1. 7-9-1Short title.
  2. 7-9-2Definitions.
  3. 7-9-3Chartering of merchant acquirer limited purpose banks; regulation limited.
  4. 7-9-4Application; fees; minimum number of employees.
  5. 7-9-5Articles of incorporation; filing; publication; registered agent; administration by board of directors.
  6. 7-9-5.1Meetings.
  7. 7-9-5.2Bylaws.
  8. 7-9-5.3Officers and employees.
  9. 7-9-5.4Oath of office required.
  10. 7-9-6Charter application requirements.
  11. 7-9-7Investigation; background check requirements and procedure.
  12. 7-9-8Issuance of certificate of incorporation or certificate of organization.
  13. 7-9-9Corporate existence; shareholders; authority to regulate and supervise sale of shares; legal effect of incorporation certificate; when business may begin.
  14. 7-9-10Liability of applicant beginning business before authorized.
  15. 7-9-11Capital stock and paid-in surplus requirements.
  16. 7-9-11.1Merger or consolidation requirements.
  17. 7-9-11.2Merger or consolidation plan; requirements.
  18. 7-9-11.3Notice of merger or consolidation; filing.
  19. 7-9-11.4Merger or consolidation application; requirements.
  20. 7-9-11.5Merger or consolidation investigation; requirements and procedure.
  21. 7-9-11.6Certificate of merger or consolidation.
  22. 7-9-11.7Certificate effective upon issuance; evidence of satisfactory performance; effect of merger.
  23. 7-9-11.8Rights and remedies of shareholders.
  24. 7-9-12Limitations on activities; deposit insurance.
  25. 7-9-12.1Treatment of merchant funds.
  26. 7-9-13Regulation and enforcement by department; rules and regulations.