Guam § 106728 - Accepting Deposits from Foreign State or Person, etc.
Full text of Guam Guam Code Annotated § 106728 — Accepting Deposits from Foreign State or Person, etc., with citation guidance and answers to common questions.
§ 106728. Accepting Deposits from Foreign State or Person, etc.
(a) In this section, “Person” means any person, firm, partnership. association, corporation, company,
syndicate, estate, trust, business trust or organization of any kind, or any branch or division thereof which
is located outside of Guam.
(b) A foreign banking corporation may transact in Guam the business of accepting deposits from any
foreign state or from any person which resides, is domiciled, and maintains its principal place of business
outside of Guam, if:
(1) Such foreign banking corporation has complied with all of the requirements of § 106722; and
(2) Such foreign banking corporation has received from the Commissioner his written approval
to transact such business in Guam.
(c) A foreign banking corporation which transacts such business in Guam shall, with respect to
business transacted by it in Guam, comply with and be subject to the provision of this Title.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 106728
What does Guam Code Annotated § 106728 cover?
Section 106728 ("Accepting Deposits from Foreign State or Person, etc.") 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 § 106728?
A common citation format is "Guam Code Annotated § 106728" (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 § 106728 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.