11 GCA § 106311

Nonconforming Assets or Business

Guam Code AnnotatedTitle 11 — Finance and Taxation

If a merging or converting bank has assets which do not conform to the requirements of Guam law for the resulting territorial bank or carries on business activities which are not permitted for the resulting territorial bank, the Commissioner may permit a reasonable time to conform with Guam law.

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