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Home » US Law » 2022 Georgia Code » Title 7 - Banking and Finance » Chapter 9 - Georgia Merchant Acquirer Limited Purpose Bank » § 7-9-11. Capital Stock and Paid-in Surplus Requirements

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.

History. Code 1981, § 7-9-11 , enacted by Ga. L. 2012, p. 43, § 1/HB 898.