An application for a charter to operate as a merchant acquirer limited purpose bank to be known as the _______________ and to be located at _______________ in _______________ County, Georgia, will be made to the Secretary of State of Georgia in accordance with Chapter 9 of Title 7 of the Official Code of Georgia Annotated, the ‘Georgia Merchant Acquirer Limited Purpose Bank Act.’ A copy of the articles of incorporation of the proposed merchant acquirer limited purpose bank and the application have been filed with the Department of Banking and Finance.”
The articles of incorporation or the statement must be published once a week for two consecutive weeks with the first publication occurring within ten days of receipt by the newspaper of the articles of incorporation or statement.
History. Code 1981, § 7-9-5 , enacted by Ga. L. 2012, p. 43, § 1/HB 898; Ga. L. 2015, p. 344, § 37/HB 184.
Structure Georgia Code
Chapter 9 - Georgia Merchant Acquirer Limited Purpose Bank
§ 7-9-3. Chartering of Merchant Acquirer Limited Purpose Banks; Regulation Limited
§ 7-9-4. Application; Fees; Minimum Number of Employees
§ 7-9-5.3. Merchant Acquirer Limited Purpose Bank
§ 7-9-5.4. Oath of Office; Administration of Affairs
§ 7-9-6. Information to Be Included on Charter Application
§ 7-9-8. Issuance of Certificate of Incorporation by Secretary of State
§ 7-9-10. Liability of Applicant Beginning Business Before Authorized
§ 7-9-11. Capital Stock and Paid-in Surplus Requirements
§ 7-9-11.1. Merger or Consolidation of Limited Purpose Bank; Compliance With Provisions of Chapter 9
§ 7-9-11.2. Terms and Conditions of Merger or Consolidation
§ 7-9-11.3. Notice of Merger or Consolidation; Filing
§ 7-9-11.4. Parties to Merger or Consolidation Plan to File Application; Requirements
§ 7-9-11.5. Investigation of Merger or Consolidation Plan; Approval or Disapproval
§ 7-9-11.6. Issuance of Certificate of Merger or Consolidation
§ 7-9-11.8. Rights and Remedies of Shareholders