Guam § 106356 - Powers; Principal Guam Office.
Full text of Guam Guam Code Annotated § 106356 — Powers; Principal Guam Office., with citation guidance and answers to common questions.
§ 106356. Powers; Principal Guam Office.
(a) An out-of-state bank which establishes or operates a branch in Guam under this Title may conduct
any activities at the branch in Guam that are authorized under the laws of Guam for territorial banks.
(b) An out-of-state bank that has acquired a branch in Guam in an interstate merger transaction
pursuant to this Article may establish or acquire additional branches or other places of business in Guam as
authorized pursuant to Article 6 of this Division to the same extent that any territorial bank may establish
or acquire a branch or other places of business in Guam under applicable Federal and state law.
(c) If an out-of-state bank operates two (2) or more branches in Guam, the out-of-state bank shall
designate one (1) of its branches as its principal office in Guam.
Frequently Asked Questions About Guam § 106356
What does Guam Code Annotated § 106356 cover?
Section 106356 ("Powers; Principal Guam Office.") 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 § 106356?
A common citation format is "Guam Code Annotated § 106356" (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 § 106356 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.