11 GCA § 106731
Loans: Purchase or Sale of Bonds
View official PDF ↗Nothing in this Chapter shall prohibit a foreign corporation, subject to compliance with any applicable laws of Guam pertaining to foreign corporations and any other applicable law, and which is not engaged in the banking business from lending money or buying or selling bonds in Guam and for that purpose maintaining offices in Guam and suing and being sued in Guam under its corporate name.
§ 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.