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11 GCA § 100102

Automated Teller Machine (ATM), Bank, Territorial

Guam Code AnnotatedTitle 11 — Finance and Taxation
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Bank, Commercial Bank, Savings Bank, State Bank, National Bank. As used in this Title: >Automated teller machine= (>ATM=) means a customer/bank communication terminal (>CBCT=) or other such device either manned or unmanned which may be activated through an accepted card or other means of access to an account at a financial institution, as such terms are defined in 15 U.S. Code § 1693a of the Electronic Funds Transfer Act; or any other electronic terminal or device either manned or unmanned which may be activated by the use of a credit card for the purpose of obtaining credit from the card issuer, as such terms are defined in 15 U.S. Code § 1602 of the Truth in Lending Act, other than a device provided and maintained by the card issuer or under its authority for the sole purpose of electronically authorizing sales transactions at a merchant=s place of business. A device shall not be deemed maintained or provided under authority of the card issuer merely by reason of the fact that credit may be obtained electronically through the device. COL120106 CH. 100 SHORT TITLE, DEFINITIONS AND MISCELLANEOUS >Bank= or >Commercial Bank,= except as otherwise provided in this Title, means an officially chartered institution empowered to receive deposits, make loans, provide checking and savings account services, and/or conduct a general commercial banking activity, organized under strict requirements of either the Federal or a state or territorial government. >Bank holding company= means a bank holding company as defined in Section 2(a)(1) of the Bank Holding Company Act of 1956, as amended. >Control= shall be construed consistent with Section 2(a)(2) of the Bank Holding Company Act of 1956, as amended. >Customer/bank communication terminal= (>CBCT=) has the meaning set forth in this Section for >automated teller machine= (>ATM=). >National Bank= means any bank chartered under the national banking laws of the United States. >Out-of-state bank= has the meaning set forth in §106351 of this Title. >Savings Bank= means any bank whose charter limits its powers to accepting deposits to accounts that which may only be withdrawn after notice. >State Bank= means any bank chartered under the banking laws of one of the states of the United States. >Territorial Bank= means any bank chartered by Guam.@

§ The story of this section

  1. Enacted by P.L. 24-35 § 2 — introduced as Bill 141-24 · introduced by Anthony C. Blaz + 1 cosponsor
  2. Amended by P.L. 27-88 § 3 — introduced as Bill 119-27 · introduced by Antoinette D. Sanford

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.