11 GCA § 106727
Business Which may be Transacted in Guam
View official PDF ↗A foreign banking corporation which is authorized by license under § 106725 may transact in Guam the business of buying, selling, paying or collecting bills of exchange, of issuing letters of credit, of receiving money for transmission by draft, check, cable or otherwise, and of making loans. It may transact in Guam the business of accepting deposits only as provided in § 106728.
§ The story of this section
- Enacted by P.L. 13-111 § 5 (bill & sponsor pending — earlier Legislature not yet ingested)
Interpreted by the courts:
- 1998 Guam 6 — EIE Guam Corporation, et al., vs. Long Term Credit Bank, of Japan, Ltd., et al. (1998) · per Peter C. Siguenza, J.
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.