4 GCA § 8139.2

Penalty for Violation of Fiduciary Duty

Guam Code AnnotatedTitle 4 — Public Officers and Employees

Any member of the Board of Trustees who violates the provision of § 8139.1 and § 8143(j) of this Chapter shall be removed from the position of trustee of the retirement fund by I Maga’håga/Maga’låhi and shall be personally liable to the retirement fund to the extent of the losses incurred by the fund. The Attorney General of Guam shall enforce the provisions of this Section to hold such members personally liable.

§ The story of this section

Enacted by P.L. 18-5 § 4 (bill & sponsor pending — earlier Legislature not yet ingested)
Repealed by P.L. 26-35 § IV — introduced as Bill 185-26 · introduced by Mark Forbes
Amended by P.L. 26-58 § XI — introduced as Bill 162-26 · introduced by Lawrence F. Kasperbauer

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