Information to Be Included on Charter Application

  1. Law
  2. Georgia Code
  3. Banking and Finance
  4. Georgia Merchant Acquirer Limited Purpose Bank
  5. Information to Be Included on Charter Application

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  1. 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.
  2. 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.

(Code 1981, §7-9-6, enacted by Ga. L. 2012, p. 43, § 1/HB 898.)


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