11 Guam Code Ann. § 106180
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Terms Used In 11 Guam Code Ann. § 106180
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
A bank may pledge its assets to:
(a) Enable it to act as agent for the sale of obligations of the
United States.
(b) Secure borrowed funds.
(c) Secure deposits when the depositor is required to obtain such security by the laws of the United States, the terms of any interstate compact or by the laws of any state or territory.
SOURCE: GC § 30309.
2013 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.