Chapter 9 - GEORGIA MERCHANT ACQUIRER LIMITED PURPOSE BANKS
- Section 7-9-1 - Short title
- Section 7-9-2 - Definitions
- Section 7-9-3 - Chartering of merchant acquirer limited purpose banks; regulation limited
- Section 7-9-4 - Application; fees; minimum number of employees
- Section 7-9-5 - Articles of incorporation; filing; publication; registered agent; administration by board of directors
- Section 7-9-5.1 - Meetings
- Section 7-9-5.2 - Bylaws
- Section 7-9-5.3 - Merchant acquirer limited purpose bank
- Section 7-9-5.4 - Oath of office; administration of affairs
- Section 7-9-6 - Information to be included on charter application
- Section 7-9-7 - Investigation; approval or disapproval of charter application; "conviction data" defined; background checks; impact of disapproval
- Section 7-9-8 - Issuance of certificate of incorporation by Secretary of State
- Section 7-9-9 - Corporate existence; shareholders; authority to regulate and supervise sale of shares; legal effect of incorporation certificate; when business may begin
- Section 7-9-10 - Liability of applicant beginning business before authorized
- Section 7-9-11 - Capital stock and paid-in surplus requirements
- Section 7-9-11.1 - Merger or consolidation of limited purpose bank; compliance with provisions of Chapter 9
- Section 7-9-11.2 - Terms and conditions of merger or consolidation
- Section 7-9-11.3 - Notice of merger or consolidation; filing
- Section 7-9-11.4 - Parties to merger or consolidation plan to file application; requirements
- Section 7-9-11.5 - Investigation of merger or consolidation plan; approval or disapproval
- Section 7-9-11.6 - Issuance of certificate of merger or consolidation
- Section 7-9-11.7 - Certificate effective upon issuance by Secretary of State; evidence of satisfactory performance; effect of merger
- Section 7-9-11.8 - Rights and remedies of shareholders
- Section 7-9-12 - Limitations on depositors and deposit-taking activities; deposit insurance; self-acquiring activities not permitted
- Section 7-9-12.1 - Treatment of merchant funds
- Section 7-9-13 - Enforcement by department; rules and regulations