Guam § 106725 - Approval of Application; Issuance of License; Transfer; Display.
Full text of Guam Guam Code Annotated § 106725 — Approval of Application; Issuance of License; Transfer; Display., with citation guidance and answers to common questions.
§ 106725. Approval of Application; Issuance of License; Transfer; Display.
The Commissioner shall convey to the Board his recommendation as to whether the application of a
foreign banking corporation should be approved. The Board may, in its discretion, direct License Division
of the Department to issue such license to such corporation when it is satisfied that the corporation has met
all the requirements of this Chapter. The license shall authorize the corporation to transact the business
permitted by § 106727 at the location specified therein. No such license shall be transferrable or assignable.
Each such license shall be conspicuously displayed at all times in the place of business specified therein.
COL 2025-04-22
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 106725
What does Guam Code Annotated § 106725 cover?
Section 106725 ("Approval of Application; Issuance of License; Transfer; Display.") 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 § 106725?
A common citation format is "Guam Code Annotated § 106725" (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 § 106725 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.