GEORGIA CODE (Last Updated: August 20, 2013) |
Title 7. BANKING AND FINANCE |
Chapter 9. GEORGIA MERCHANT ACQUIRER LIMITED PURPOSE BANK |
Section 7-9-11. Capital stock and paid-in surplus requirements
Latest version.
- 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.