Guam § 109112 - Security Deposit.
Full text of Guam Guam Code Annotated § 109112 — Security Deposit., with citation guidance and answers to common questions.
§ 109112. Security Deposit.
As security for the faithful performance of its obligations, each
licensee before engaging in the business of transmitting money shall
deposit with the Treasurer of Guam Fifty Thousand Dollars ($50,000.00)
in lawful money, or securities of the kind which may be deposited by
trust companies to secure court and private trusts, having a market value
of at least Fifty Thousand Dollars ($50,000.00).
Frequently Asked Questions About Guam § 109112
What does Guam Code Annotated § 109112 cover?
Section 109112 ("Security Deposit.") 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 § 109112?
A common citation format is "Guam Code Annotated § 109112" (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 § 109112 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.