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O.C.G.A. § 7-9-11 — Capital stock and paid-in surplus requirements | Georgia Code
O.C.G.A. § 7-9-11 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

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.)

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This Georgia Code resource is curated by this site's author, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.