Guam § 106132 - Authority to Engage in Leasing Safe Deposit Facilities: Subsidiary Company.
Full text of Guam Guam Code Annotated § 106132 — Authority to Engage in Leasing Safe Deposit Facilities: Subsidiary Company., with citation guidance and answers to common questions.
§ 106132. Authority to Engage in Leasing Safe Deposit Facilities: Subsidiary Company.
(a) Subject to such regulations as the Board may prescribe, a bank, trust company or safe deposit
company may maintain and lease safe deposit boxes and may accept property or documents for safekeeping
if, except in the case of night depositories, it issues a receipt therefor.
(b) A territorial bank or trust company may own stock in safe deposit companies not exceeding in
aggregate cost 15% of its capital and surplus, but at least 90% of the stock in each such safe deposit company
must be owned by banks or trust companies.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 106132
What does Guam Code Annotated § 106132 cover?
Section 106132 ("Authority to Engage in Leasing Safe Deposit Facilities: Subsidiary Company.") 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 § 106132?
A common citation format is "Guam Code Annotated § 106132" (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 § 106132 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.