TITLE 7 BANKING AND FINANCE

Section 9. Georgia Merchant Acquirer Limited Purpose Bank, 7-9-1 through 7-9-13.

ARTICLE 2 RESIDENTIAL SECOND MORTGAGES

7-9-11. Capital stock and paid-in surplus requirements.

A merchant acquirer limited purpose bank shall at all times maintain capital stock and paid-in surplus as required by policies of the department but in no event less than $3 million.

(Code 1981, §7-9-11, enacted by Ga. L. 2012, p. 43, § 1/HB 898.)