11 Guam Code Ann. § 106202
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Terms Used In 11 Guam Code Ann. § 106202
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
No out-of-state bank shall transact business in Guam. This Section shall not be deemed to prohibit:
(a) Any out-of-state bank from making loans secured by liens on real property located in Guam;
(b) Any out-of-state bank from being a resulting bank in an interstate merger transaction conducted pursuant to Article 3.5 of this Chapter;
(c) Any out-of-state bank from operating a branch within the territory to the extent permitted pursuant to Article 3.5 of this Chapter and by § 106601; or
(d) Any out-of-state bank doing business within the territory of Guam on the effective date of this Act from operating its branches within Guam in existence of the effective date of this Act.
SOURCE: GC § 30500.1. Repealed and reenacted by P.L. 18-049:9. R/R by P.L.
24-035:3 (May 29, 1997).