Georgia Statutes
§ 7-9-11 — Capital stock and paid-in surplus requirements
Georgia § 7-9-11
JurisdictionGeorgia
Title7
This text of Georgia § 7-9-11 (Capital stock and paid-in surplus requirements) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
O.C.G.A. § 7-9-11 (2026).
Text
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.
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Legislative History
Added by 2012 Ga. Laws 435,§ 1, eff. 3/28/2012.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-10
Rules of construction§ 7-1-1000
Definitions§ 7-1-1001-1
Requirement for mortgage loan originator license; application to sellers of mobile homes§ 7-1-1002
Prohibited transactions; liability§ 7-1-1003
Applications for licenses§ 7-1-1003-1
[Repealed] Physical place of business§ 7-1-1003-3
[Reserved] Application for registration§ 7-1-1003-4
[Reserved] Notification statementCite This Page — Counsel Stack
Bluebook (online)
Georgia § 7-9-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/7-9-11.