Ga. Comp. R. & Regs. R. 80-12-4-.03 - Deposits

The MALPB may only accept or hold deposits permitted under O.C.G.A. § 7-9-12 from a corporation that owns the majority of the shares of the MALPB and the corporation will be precluded from withdrawing its deposits by check or similar means for payment to third parties or to others. The MALPB can only take authorized deposits at its main office. Notwithstanding any provision in the Department's rules to the contrary, the records regarding the corporation's deposit account shall be maintained at the MALPB's main office.

Notes

Ga. Comp. R. & Regs. R. 80-12-4-.03

O.C.G.A. §§ 7-9-3, 7-9-12, 7-9-13.

Original Rule entitled "Deposits" adopted. F. Dec. 3, 2013; eff. Dec. 23, 2013.