11 Guam Code Ann. § 106735
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Terms Used In 11 Guam Code Ann. § 106735
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
§ 106721. Right of Foreign Banking Corporation to Engage in
Business.
Business.
A foreign banking corporation shall not engage in the banking or trust business on Guam, unless it is licensed to do so pursuant to the provisions of § 106725, and unless it first complies with all the provisions of this Chapter and Chapter 7 of Title 18 of the Guam Code Annotated, and then only to the extent expressly permitted in this Chapter, or by regulations of the Board. In transacting such business a foreign banking corporation shall comply with all applicable provisions of this Title and of the laws of Guam.
SOURCE: GC § 30920. Added by P.L. 13-111:5. Amended by P.L. 27-057:10.