Guam § 46 - Misapplication of Entrusted Funds; Defined and Punished.
Full text of Guam Guam Code Annotated § 46 — Misapplication of Entrusted Funds; Defined and Punished., with citation guidance and answers to common questions.
§ 46. Misapplication of Entrusted Funds; Defined and Punished.
(a) A person commits an offense if he applies or disposes of property that has been entrusted to him
as a fiduciary, or property of the government or of a financial institution, in a manner which he knows is
unlawful and involves substantial risk of loss or detriment to the owner of the property or to a person for
whose benefit the property was entrusted.
(b) The offense is a misdemeanor if the amount involved exceeds $50; otherwise it is a petty
misdemeanor.
(c) Fiduciary includes trustee, guardian, executor, administrator, receiver and any person carrying on
fiduciary functions on behalf of a corporation or other organization which is a fiduciary.
(d) Financial institution has the meaning provided in Subsection (a) of § 46.65.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 46
What does Guam Code Annotated § 46 cover?
Section 46 ("Misapplication of Entrusted Funds; Defined and Punished.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 46?
A common citation format is "Guam Code Annotated § 46" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 46 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.