Georgia § 7-1-701 - Licensing for cash payment instruments.
Full text of Georgia Official Code of Georgia Annotated § 7-1-701 — Licensing for cash payment instruments., with citation guidance and answers to common questions.
§ 7-1-701. Licensing for cash payment instruments.
Pursuant to this article, the department may license a person to cash payment instruments. No person shall cash payment instruments without first obtaining a license under this article. Every person that directly or indirectly controls another person that violates subsection (b) of this Code section, each general partner, executive officer, joint venture, ultimate equitable owner, or director of such person, and every person occupying a similar status or performing similar functions as such person violates with and to the same extent as such person. Any person who directly or indirectly controls a person who violates subsection (b) of this Code section may avoid liability if such person sustains the burden of proof that the person did not know and, in the exercise of reasonable care, could not have known of the existence of the facts by reason of which the original violation is alleged to exist. (Code 1981, § 7-1-701 , enacted by Ga. L. 2014, p. 251, § 2/HB 982.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-1-701
What does Official Code of Georgia Annotated § 7-1-701 cover?
Section 7-1-701 ("Licensing for cash payment instruments.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 7-1-701?
A common citation format is "Official Code of Georgia Annotated § 7-1-701" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 7-1-701 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.