Guam § 109110 - Filing of Receipt Forms.
Full text of Guam Guam Code Annotated § 109110 — Filing of Receipt Forms., with citation guidance and answers to common questions.
§ 109110. Filing of Receipt Forms.
Each licensee shall file with the Commissioner a certified copy of
every receipt form used by it or by its agents for selling foreign currency
notes or for money received for transmission. Receipts used shall be
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printed and prenumbered and consist of at least two copies, one to be
given to the customer, the other to be retained by the licensee for record
keeping purposes. A receipt used for the sale of foreign currency notes
shall contain not less than the following information: The amount and
country of origin of the foreign currency notes; the rate of exchange of
the foreign currency notes; the rate of exchange of the transaction; the
U.S. dollars proceeds of the sale.
A receipt used for the transmittal of money shall contain in addition
to the above information required for the sale of foreign currency notes
the following: The name and address of the beneficiary.
No such licensee or its agents shall use any receipt a certified copy
of which has not first been filed with the Commissioner. Any licensee
violating the requirement of this section shall be subject to a fine of Fifty
Dollars ($50.00) for each violation. If any such licensee or its agent uses
a receipt form a certified copy of which has not first been filed with the
Commissioner, such licensee shall be liable for the acts of its agents
whether or not the licensee authorized the agent to use such form.
Frequently Asked Questions About Guam § 109110
What does Guam Code Annotated § 109110 cover?
Section 109110 ("Filing of Receipt Forms.") 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 § 109110?
A common citation format is "Guam Code Annotated § 109110" (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 § 109110 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.