Guam § 106177 - Acquisition of Banking Premises and Equipment.
Full text of Guam Guam Code Annotated § 106177 — Acquisition of Banking Premises and Equipment., with citation guidance and answers to common questions.
§ 106177. Acquisition of Banking Premises and Equipment.
(a) A bank may acquire real estate and equipment and improve real estate to be used in the transaction
of its business on Guam and may rent any space so acquired in a building in excess of its present actual
need; provided that unless a larger investment is authorized by the Commissioner, no banks shall invest
more than the following:
Investment
Land, building and equipment
(other than safe deposit equipment) 50% of capital
Equipment alone
(other than safe deposit equipment) 15% of capital
Safe deposit equipment 10% of capital in addition to the above
(b) The rate of depreciation of property so acquired may be prescribed by the Commissioner.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 106177
What does Guam Code Annotated § 106177 cover?
Section 106177 ("Acquisition of Banking Premises and Equipment.") 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 § 106177?
A common citation format is "Guam Code Annotated § 106177" (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 § 106177 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.