Guam § 10211 - Trustee for Authority and Holders of Bonds.
Full text of Guam Guam Code Annotated § 10211 — Trustee for Authority and Holders of Bonds., with citation guidance and answers to common questions.
§ 10211. Trustee for Authority and Holders of Bonds.
(a) The Authority or any agent designated by GEDA on behalf of
the Authority shall act as trustee for the Authority and the holders of
bonds issued hereunder and the Authority may authorize the trustee to act
on behalf of the holders of the bonds or any stated percentage thereof and
to exercise and prosecute on behalf of the holders of the bonds such
rights and remedies as may be available to the holders.
(b) The Authority may provide in an indenture:
(1) for the deposit of all or any portion of the revenues with
the Authority and for the holding thereof by the Authority in one or
more separate funds or accounts in the Jose D. Leon Guerrero
Commercial Port Revenue Fund; and
(2) for the transfer to the trustee of all or any portion of the
revenues as are provided as security for the bonds and for the
holding thereof by the trustee in one or more separate funds or
accounts. All money in each such fund or account shall be
disbursed only as provided herein and in the indenture.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 10211
What does Guam Code Annotated § 10211 cover?
Section 10211 ("Trustee for Authority and Holders of Bonds.") 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 § 10211?
A common citation format is "Guam Code Annotated § 10211" (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 § 10211 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.