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Section 7-9-11 - Capital stock and paid-in surplus requirements — Georgia Law | CourtGPT
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Georgia Legal Code

Section 7-9-11 - Capital stock and paid-in surplus requirements

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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.