Guam § 106507 - Improper Maintenance of Accounts; False or Deceptive Entries and Statements.
Full text of Guam Guam Code Annotated § 106507 — Improper Maintenance of Accounts; False or Deceptive Entries and Statements., with citation guidance and answers to common questions.
§ 106507. Improper Maintenance of Accounts; False or Deceptive Entries and Statements.
It shall be unlawful for an officer, director, employee or agent of a bank:
(a) To maintain or authorize the maintenance of any account of the bank in a manner which, to
his knowledge, does not conform to the requirements prescribed by this Title or by the Commissioner
or the Board.
(b) With intent to deceive, to make any false or misleading statement or entry or omit any
statement or entry that should be made in any book, account, report or statement of the institution.
(c) To obstruct or endeavor to obstruct a lawful examination of the institution by an officer or
employee of the Division.
COL 2025-04-22
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 106507
What does Guam Code Annotated § 106507 cover?
Section 106507 ("Improper Maintenance of Accounts; False or Deceptive Entries and Statements.") 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 § 106507?
A common citation format is "Guam Code Annotated § 106507" (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 § 106507 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.