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Terms Used In 11 Guam Code Ann. § 106311

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
If a merging or converting bank has assets which do not conform to the requirements of Guam law for the resulting territorial bank or carries on business activities which are not permitted for the resulting territorial bank, the Commissioner may permit a reasonable time to conform with Guam law.

SOURCE: GC § 30610.