Georgia Code
Chapter 9 - Georgia Merchant Acquirer Limited Purpose Bank
§ 7-9-8. Issuance of Certificate of Incorporation by Secretary of State

The Secretary of State shall immediately issue a certificate of incorporation to a proposed merchant acquirer limited purpose bank upon submission of:
so long as name of the proposed merchant acquirer limited purpose bank continues to be reserved or is available. The Secretary of State shall retain on file a copy of the certificate, the articles of incorporation, the department’s approval of the articles of incorporation, and the publisher’s certificate.
History. Code 1981, § 7-9-8 , enacted by Ga. L. 2012, p. 43, § 1/HB 898.

Structure Georgia Code

Georgia Code

Title 7 - Banking and Finance

Chapter 9 - Georgia Merchant Acquirer Limited Purpose Bank

§ 7-9-1. Short Title

§ 7-9-2. Definitions

§ 7-9-3. Chartering of Merchant Acquirer Limited Purpose Banks; Regulation Limited

§ 7-9-4. Application; Fees; Minimum Number of Employees

§ 7-9-5. Articles of Incorporation; Filing; Publication; Registered Agent; Administration by Board of Directors

§ 7-9-5.1. Meetings

§ 7-9-5.2. Bylaws

§ 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

§ 7-9-7. Investigation; Approval or Disapproval of Charter Application; “Conviction Data” Defined; Background Checks; Impact of Disapproval

§ 7-9-8. Issuance of Certificate of Incorporation by Secretary of State

§ 7-9-9. Corporate Existence; Shareholders; Authority to Regulate and Supervise Sale of Shares; Legal Effect of Incorporation Certificate; When Business May Begin

§ 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

§ 7-9-11.7. Certificate Effective Upon Issuance by Secretary of State; Evidence of Satisfactory Performance; Effect of Merger

§ 7-9-11.8. Rights and Remedies of Shareholders

§ 7-9-12. Limitations on Depositors and Deposit-Taking Activities; Deposit Insurance; Self-Acquiring Activities Not Permitted

§ 7-9-12.1. Treatment of Merchant Funds

§ 7-9-13. Enforcement by Department; Rules and Regulations