---
title: Title 7, Chapter 9. Georgia Merchant Acquirer Limited Purpose Bank
collection: code
id: code:chapter:7-9
canonical_url: https://georgiacommons.org/code/title/7/chapter/9
md_url: https://georgiacommons.org/code/7-9.md
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.
up: https://georgiacommons.org/code/7.md
previous: https://georgiacommons.org/code/7-8.md
next: https://georgiacommons.org/code/7-10.md
index: https://georgiacommons.org/code/index.md
heading: GEORGIA MERCHANT ACQUIRER LIMITED PURPOSE BANK
title_heading: BANKING AND FINANCE
section_count: 26
full_url: https://georgiacommons.org/code/7-9.md?full=1
---

# Title 7, Chapter 9. Georgia Merchant Acquirer Limited Purpose Bank

Title 7. Banking and Finance

26 sections. Each line is `citation, catchline, status, URL`; the text of every section, in order, is at https://georgiacommons.org/code/7-9.md?full=1 (capped, with a pointer to continue).

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