ning business before authorized.
Capital stock and paid-in surplus requirements. Merger or consolidation requirements.
Merger or consolidation plan; requirements.
Notice of merger or consolidation; filing.
Merger or consolidation application; requirements. Merger or consolidation investigation; requirements and procedure.
Certificate of merger or consolidation.
Certificate effective upon issuance; evidence of satisfactory performance; effect of
merger. Rights and remedies of shareholders.
Limitations on activities; deposit insurance. Treatment of merchant
funds.
Regulation and enforcement by department; rules and regulations.
and Regulations of the State of Georgia, Rules of Department of Banking and Finance, Rule 80-12-1-.01 et seq.
This chapter shall be known and may be cited as the “Georgia Merchant Acquirer Limited Purpose Bank Act.”