) Any person holding a license under the provisions of this Division who refuses or fails to comply with any provision of applicable regulatory statutes, rules or regulations shall be subject to the penalty of having his license either suspended for a period of time or revoked by the License Board. The suspension or revocation of any license of a person making application for any new license shall be taken into consideration by the License Board for the granting of the new license and may, in the Board’s discretion, be grounds for refusal to grant a new license.
(b) The License Board shall have power to suspend or revoke a license when, after formal hearing, it finds that such business is being operated inimical to public interest. The License Board may suspend a license for a period not to exceed one (1) year on probable cause pending formal hearing and findings thereon. Neither the License Board nor the Government of Guam shall be subject to any claim or damages due to the action of the Board taken under the provisions of this Chapter. This subsection (b) shall apply to all licenses whether issued under this Chapter or in existence on the effective date hereof, notwithstanding any other provisions contained herein.

SOURCE: GC § 16018. Subsection (b) amended by P.L. 20-025:3 (June 10, 1989).

2015 NOTE: Under the original law, subsection (b) was codified as subsection (a). Pursuant to the authority granted by 1 Guam Code Ann. § 1606 and to adhere to the Compiler’s alpha-numeric scheme, the first paragraph was designated (a), and the original subsection (a) was designated (b), and the reference was altered to correspond to the current codification.