Georgia Merchant Acquirer Limited Purpose Bank

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  2. Georgia Code
  3. Banking and Finance
  4. Georgia Merchant Acquirer Limited Purpose Bank

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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