T·R
← Search

12 GCA § 4310

Use of Trust Proceeds for Interest Free Loans

Guam Code AnnotatedTitle 12 — Autonomous Agencies
View official PDF ↗

Proceeds from the Trust shall be for Interest Free Loans in participation with an underlying mortgage by GHC. The Interest Free Loans shall be subordinate to the underlying first mortgage by GHC but shall not be subordinate to any other debt or debenture.

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