Amerchant 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.
O.C.G.A. § 7-9-11
Capital stock and paid-in surplus requirements
Known as the Georgia Merchant Acquirer Limited Purpose Bank Act
The act spans §§ 7–7 (26 sections).
Code 1981, § 7-9-11, enacted by Ga
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.