Guam § 109113 - Security Bond.
Full text of Guam Guam Code Annotated § 109113 — Security Bond., with citation guidance and answers to common questions.
§ 109113. Security Bond.
In lieu of the deposit of money and securities pursuant to § 109112,
a licensee may deliver to the Commission the bond of a surety company,
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in form and written by a company satisfactory to the Commissioner, in
the principal sum of Fifty Thousand Dollars ($50,000.00), conditioned
upon the faithful holding and transmission of all money received by such
licensee or its agents for such purpose. The Commissioner shall deposit
such bond with the Treasurer of Guam.
Frequently Asked Questions About Guam § 109113
What does Guam Code Annotated § 109113 cover?
Section 109113 ("Security Bond.") 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 § 109113?
A common citation format is "Guam Code Annotated § 109113" (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 § 109113 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.