(a) An application to the department to charter a merchant acquirer limited purpose bank shall include:
(1) Any information desired by the department in order to evaluate the proposed institution which shall be made available in the form specified by the department;
(2) A certificate of the Secretary of State showing that the proposed name of the merchant acquirer limited purpose bank has been reserved pursuant to Code Section 7-1-131; and
(3) Applicable fees established by regulation of the department to defray the expense of the investigation required by Code Section 7-9-7.
(b) An application to the department to own or control a merchant acquirer limited purpose bank shall include:
(1) Any information desired by the department in order to evaluate the proposed transaction which shall be made available in the form specified by the department; and
(2) Applicable fees established by regulation of the department to defray the expense of the investigation.
Section: Previous 7-9-1 7-9-2 7-9-3 7-9-4 7-9-5 7-9-6 7-9-7 7-9-8 7-9-9 7-9-10 7-9-11 7-9-12 7-9-12.1 7-9-13 NextLast modified: October 14, 2016