Guam § 106202 - Out of State Banks.
Full text of Guam Guam Code Annotated § 106202 — Out of State Banks., with citation guidance and answers to common questions.
§ 106202. Out of State Banks.
No out-of-state bank shall transact business in Guam. This Section shall not be deemed to prohibit:
(a) Any out-of-state bank from making loans secured by liens on real property located in Guam;
(b) Any out-of-state bank from being a resulting bank in an interstate merger transaction
conducted pursuant to Article 3.5 of this Chapter;
(c) Any out-of-state bank from operating a branch within Guam to the extent permitted pursuant
to Article 3.5 of this Chapter and by § 106601; or
(d) Any out-of-state bank doing business within Guam on the effective date of this Act from
operating its branches within Guam in existence of the effective date of this Act.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 106202
What does Guam Code Annotated § 106202 cover?
Section 106202 ("Out of State Banks.") 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 § 106202?
A common citation format is "Guam Code Annotated § 106202" (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 § 106202 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.