11 GCA § 106205

Incorporators

Guam Code AnnotatedTitle 11 — Finance and Taxation

A territorial bank may be organized by five

(5)or more individual incorporators. All incorporators shall be United States citizens and residents of Guam. Each incorporator shall subscribe and pay in full in CH. 106 BANKS cash for stock having a par value of not less than one-half of one percent (2 of 1%) of the minimum capital and paid in surplus requirements.

§ The story of this section

Amended by P.L. 13-176 § 3 (bill & sponsor pending — earlier Legislature not yet ingested)
Amended by P.L. 24-35 § 4 — introduced as Bill 141-24 · introduced by Anthony C. Blaz + 1 cosponsor
Amended by P.L. 25-95 — introduced as Bill 244-25 · introduced by Kaleo S. Moylan

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