Georgia § 7-9-3 - Chartering of merchant acquirer limited purpose banks; regulation limited.
Full text of Georgia Official Code of Georgia Annotated § 7-9-3 — Chartering of merchant acquirer limited purpose banks; regulation limited., with citation guidance and answers to common questions.
§ 7-9-3. Chartering of merchant acquirer limited purpose banks; regulation limited.
A corporation that performs merchant acquiring activities or settlement activities in this state may elect to obtain a charter from the department. Those corporations chartered by the department shall be subject to the provisions of this chapter and any rules and regulations adopted by the department for purposes of regulating chartered merchant acquirer limited purpose banks. The department shall have no authority to regulate a corporation performing merchant acquiring activities or settlement activities that has not been chartered by the department. (Code 1981, § 7-9-3 , enacted by Ga. L. 2012, p. 43, § 1/HB 898.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-9-3
What does Official Code of Georgia Annotated § 7-9-3 cover?
Section 7-9-3 ("Chartering of merchant acquirer limited purpose banks; regulation limited.") 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 § 7-9-3?
A common citation format is "Official Code of Georgia Annotated § 7-9-3" (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 § 7-9-3 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.