Guam § 106501 - Unauthorized Conduct of Banking Business.
Full text of Guam Guam Code Annotated § 106501 — Unauthorized Conduct of Banking Business., with citation guidance and answers to common questions.
§ 106501. Unauthorized Conduct of Banking Business.
It shall be unlawful for any unauthorized person to engage in the business of receiving deposits,
discounting evidences of indebtedness or receiving money for transmission, to represent that he is or is
acting for a bank or to use an artificial or corporate name which purports to be or suggests that it is the name
of a bank.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 106501
What does Guam Code Annotated § 106501 cover?
Section 106501 ("Unauthorized Conduct of Banking Business.") 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 § 106501?
A common citation format is "Guam Code Annotated § 106501" (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 § 106501 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.