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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) 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.
(b) 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.
Cite this article: FindLaw.com - Georgia Code Title 7. Banking and Finance § 7-9-6 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-7-banking-and-finance/ga-code-sect-7-9-6/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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