Capital stock and paid-in surplus requirements

Official Code of Georgia Annotated

Section: 7-9-11

Jurisdiction: GA

Bluebook Citation: O.C.G.A. § 7-9-11

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. Added by 2012 Ga. Laws 435,§ 1, eff. 3/28/2012.

Chat with this statute using AI

Ask CiteLaw's AI Navigator anything about this statute, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.