Guam § 113110 - Raising Capital: Powers same as Federal Savings
Full text of Guam Guam Code Annotated § 113110 — Raising Capital: Powers same as Federal Savings, with citation guidance and answers to common questions.
§ 113110. Raising Capital: Powers same as Federal Savings
Associations.
Mutual Savings and Loan Associations organized and operating
under this title may raise capital in the form of such savings deposits,
shares or other accounts to the same extent that a federal savings and
loan association doing business in this territory could raise capital
(whether or not such association is doing such business). The account
holders or depositors of such a mutual association shall be members of
the association and shall have such rights and obligations as are
possessed by members of at federal savings and loan association that is
doing business in this territory (whether or not such association is doing
such business). The term mutual savings and loan association is hereby
defined to mean a savings and loan association that is incorporated
without provisions for the issuance of stock.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 113110
What does Guam Code Annotated § 113110 cover?
Section 113110 ("Raising Capital: Powers same as Federal Savings") 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 § 113110?
A common citation format is "Guam Code Annotated § 113110" (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 § 113110 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.