Guam § 116106 - Shares as Legal Investments.
Full text of Guam Guam Code Annotated § 116106 — Shares as Legal Investments., with citation guidance and answers to common questions.
§ 116106. Shares as Legal Investments.
All shares issued by any association issuing no investment
certificates and which is an insured institution as defined in Title IV of
the National Housing Act shall be legal investments for the funds of
executors, administrators, guardians, receivers and trustees of every kind
and nature, and for the funds of all insurance companies and when, by
any law of this territory, it is provided that the moneys of any pension
fund, retirement plan, trust fund, or the moneys of any fund the
investment of which is governed by law may or shall be invested in
securities which are a legal investment for saving banks, then such law
shall be deemed to authorize the investment of such money in such
shares. This section is intended to be, and shall be considered, the latest
enactment upon the matters herein contained, and is supplemental to any
and all other acts regulating, relating to or declaring what shall be legal
investments for the funds of executors, administrators, guardians,
receivers, trustees or insurance companies, or for any of the other funds
referred to in this section.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 116106
What does Guam Code Annotated § 116106 cover?
Section 116106 ("Shares as Legal Investments.") 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 § 116106?
A common citation format is "Guam Code Annotated § 116106" (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 § 116106 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.