Guam § 106732 - Report to Commissioner: Verification; Content; Formal Verification; Financial
Full text of Guam Guam Code Annotated § 106732 — Report to Commissioner: Verification; Content; Formal Verification; Financial, with citation guidance and answers to common questions.
§ 106732. Report to Commissioner: Verification; Content; Formal Verification; Financial
Information.
Every foreign banking corporation licensed by the Commissioner to transact business in Guam,
whenever required by the Commissioner, shall make a written report to him, in such form as he shall
prescribe, In words and figures of the English language, verified by one of its officers, managers or agents
residing in Guam. Such report shall show the actual financial condition of the corporation’s business in
Guam at the close of any past day designated by the Commissioner, and shall set forth such other
information as the Commissioner may require. The verification of such report shall state that the person
making it has a personal knowledge of the matters therein contained and that he believes that every
allegation, statement and matter contained therein is true. If required by the Commissioner such corporation
shall furnish complete financial information, in such form and detail as the Commissioner may prescribe,
in words and figures of the English language verified by the proper officers, covering all the corporation’s
business not only in Guam but elsewhere. The Commissioner or his designee shall also be empowered to
enter the premises of any foreign banking corporation and to examine the books of record of its Guam
business kept pursuant to § 106724.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 106732
What does Guam Code Annotated § 106732 cover?
Section 106732 ("Report to Commissioner: Verification; Content; Formal Verification; Financial") 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 § 106732?
A common citation format is "Guam Code Annotated § 106732" (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 § 106732 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.