Georgia § 7-9-11 - 8. Rights and remedies of shareholders.
Full text of Georgia Official Code of Georgia Annotated § 7-9-11 — 8. Rights and remedies of shareholders., with citation guidance and answers to common questions.
§ 7-9-11. 8. Rights and remedies of shareholders.
A shareholder of a merchant acquirer limited purpose bank which is a party to a plan of proposed merger or consolidation under this chapter who objects to such plan shall be entitled to the rights and remedies of a dissenting shareholder as determined under Chapter 2 of Title 14, known as the "Georgia Business Corporation Code." A resulting merchant acquirer limited purpose bank into which other or others have been merged or consolidated may require the return of original certificates of stock held by each shareholder in each or either of the merged or consolidated institutions, or in lieu thereof may: Issue to each shareholder new certificates for such number of shares of the resulting acquirer limited purpose bank; or Cause to be paid or delivered to each shareholder the amount of cash or securities of any other corporation or combination of cash and such securities as, under the plan of merger or consolidation, such shareholder is entitled to receive. (Code 1981, § 7-9-11.8 , enacted by Ga. L. 2016, p. 390, § 4-1/HB 811.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-9-11
What does Official Code of Georgia Annotated § 7-9-11 cover?
Section 7-9-11 ("8. Rights and remedies of shareholders.") 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 § 7-9-11?
A common citation format is "Official Code of Georgia Annotated § 7-9-11" (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 § 7-9-11 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.