11 Guam Code Ann. § 106301
Terms Used In 11 Guam Code Ann. § 106301
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
(a) Bank means a territorial or national bank. The singular bank includes the plural banks as the context warrants.
(b) Continuing bank means a merging bank the charter of which becomes the charter of the resulting bank.
(c) Converting bank means a bank converting from a territorial to a national bank, or the reverse.
(d) Merger includes consolidation.
(e) Merging bank means a party to a merger.
(f) National bank means a bank with a charter granted under the National Bank Act by the Office of the Comptroller of the Currency with its main office in Guam.
(g) Resulting bank means the bank resulting from a merger or conversion.
(h) Territorial bank means a bank or trust company chartered by this territory.
(i) Bank holding company has the meaning set forth in
§100102 of this Title.
(j) Guam bank holding company means a bank holding company whose home state, as defined in § 106351, is Guam.
(k) Out-of-state bank holding company means a bank holding company whose state, as defined in Section 2(o)(4) of the Bank Holding Company Act of 1956, as amended, is not Guam.
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11 Guam Code Ann. FINANCE & TAXATION
CH. 106 BANKS
(l) Guam bank has the meaning set forth in § 106351 of this
Chapter.
SOURCE: GC § 30600. P.L. 24-035:6 (May 29, 1997) amended the introductory paragraph and subsection (6), and added subsections (9 – 12).
NOTE: Pursuant the authority granted by 1 Guam Code Ann. § 1606, numbers and/or letters were altered to adhere to the Compiler’s alpha-numeric scheme.