4 GCA § 8157
Same; Common Stock
View official PDF ↗(a)Common or capital stock of any institution or entity created or existing under the laws of the United States, or any state, district, or territory thereof, or of the District of Columbia, provided that the Investment Agent determines that such an investment would be employed by a prudent person acting in a like capacity and familiar with such matters would use in the investment of a fund with like character and with like aims. No more than ten percent (10%) of the Fund shall be invested directly in the common or capital stock of any one issuing domestic company described in this Section.
(b)Common or capital stock of any institution or entity created or existing under the laws of nations other than the United States; provided, that the Investment Agent determines that such an investment would be employed by a prudent person acting in a like capacity and familiar with such matters would use in the investment of a fund with like character and with like aims.
(c)No direct investment shall be made in any one
(1)issue described in this Section in an amount in excess of ten percent (10%) of such issues.
(d)Common or capital stock of any institution or entity created or existing under the laws of the United States, or any state, district, or territory thereof, or of the District of Columbia, or of any foreign country, purchased and held in investment funds authorized under § 8158, or in exchange-traded funds authorized under § 8158.1; such purchases being excluded from the limitations of § 8158(e) and § 8158.1(b).
(e)[Reserved]
§ The story of this section
- Amended by P.L. 22-6 § 5 — introduced as Bill 3-22 · introduced by Carl T.C. Gutierrez + 2 cosponsors · lead sponsor unverified
- Repealed by P.L. 26-35 § IV — introduced as Bill 185-26 · introduced by Mark Forbes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
- Amended by P.L. 22-9 § 3 — introduced as Bill 303-22 · introduced by Thomas C. Ada + 17 cosponsors · lead sponsor unverified
- Amended by P.L. 28-136 § 2 — introduced as Bill 296-28 · introduced by Mark Forbes
- Amended by P.L. 32-86 § 15 — introduced as Bill 170-32 · introduced by Vicente C. Pangelinan + 14 cosponsors · lead sponsor unverified
- Affected by P.L. 38-120 § 6 — introduced as Bill 263-38 · introduced by Telo T. Taitague + 10 cosponsorsWatch the public hearing · Feb 25, 2026
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.